At $1400 gold and higher grade ore coming up, we'll be at a buck in no time. Plenty of cash flow and soon the debt ratios will look much better. Thanks to whoever recommended this. I usually don't listen to pumpers but someone mentioned this on another board and I looked into it. Glad I did! Everything that could have gone wrong did and this stock is still a steal. If they can meet their production goals I'm looking for a 10 bagger. Gold has nowhere to go but up with NIRP taking a hold world wide.
The extra cash flow from closing the forward sales and higher gold prices will juice the cash flow. Do the math.
You clearly don't know what hedging means. How did your short work out? 0.33 is overhead resistance right. hahhaaha
Do me a favor and don't cover until at least 0.50. Clearly you're only hear to bash.
...and they have the option to close them out if the IRR exceeds 17.5% for the investors. Cha-ching!
Despite what the shills, bashers, and other ill informed individuals may say, Banro will be a cash machine at $1400 gold.
From the Q1 report, figures in (000's)
In February 2016, the Company closed the $67,500 gold streaming transaction (the “Twangiza Transaction”) relating to the
Twangiza mine with RFWB, the $22,500 term loan funded by RFWB and Gramercy, and the $8,750 equity private placement to
RFWB. With the completion of these transactions, the Company ***extinguished certain gold forward sale arrangements**** for
approximately $31,761 and deposited $26,230 with the trustee for the payment of interest on the Company’s senior notes until
their maturity in March 2017.
I've seen this movie before.
How many times will the market fall for the FED bluffing? Sold out too soon at 60, been waiting to reenter. As soon as the market wakes up that the FED is blowing smoke as usual we'll be off to the races. I'll wait for a bottom here but it won't be long.
ABX has 1 billion in FCF at these prices, and half their debt isn't even due until 2032. Are you financially illiterate, or just dishonest? ABX is solid and will be a cash machine even at these prices.
That said, a bit of a consoadation is overdue and I'm watching for a small dip.
This will NOT drop 60-70% in a "few days", you troll short.