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Belo Sun Mining Corp Message Board

benandemmiboo 6 posts  |  Last Activity: 22 hours ago Member since: Apr 2, 2013
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  • Reply to

    JMO

    by rxbond Dec 17, 2014 12:39 PM
    benandemmiboo benandemmiboo 22 hours ago Flag

    And if GDX is dumping, it's just because the stock dipped under the 250 million market cap on the day the ETF reindexes...

  • If you look at fellow miner Duluth Metals, their stock plunged to 7 cents Canadian on Friday despite a massive resource, as they had a payment due that Friday, and no ability to pay it.
    We learn today that Antafogasta (?) bought them out at 45 cent per share.
    This seems the norm to me -- a miner can fall far lower than you can ever imagine, but if it has a good resource that will one day be very profitable, it will get acquired before the lights go out.

  • Reply to

    i sold 4,000 of my shares along with 40 puts

    by jack_candlestick Oct 30, 2014 10:58 AM
    benandemmiboo benandemmiboo Oct 30, 2014 11:35 AM Flag

    This is capitulation time, and there's a good reason why it will end this Friday, as that's the last day of "tax loss selling" for most hedge funds, etc. As such, I think NUGT is likely a great call by the end of the day on Friday.

  • For most funds, their tax selling ends at the end of October. If this is capitulation time, as Rick Rule seems to think, then the start of November may be around the time when a lot of miners have found their bottom (already much lower than I personally imagined).

  • benandemmiboo benandemmiboo Oct 7, 2014 11:42 AM Flag

    Personally, I want a profit, and care less about the company. There's always other ridiculously oversold miners to buy if this one has the good fortune of getting bought out. There were buyout rumors in March (from the company its current CEO came from), and God bless it if those rumors turned out true. Am baffled that it doesn't even rise from these lows on today's respectable press release, but I still think it could ascend to 25 cents in fairly rapid fashion.

  • TORONTO, ONTARIO--(Marketwired - Sept. 22, 2014) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA) (TSX:BAA) wishes to comment on the unusual market activity and volatility of its common shares experienced on both the Toronto and New York (MKT) stock exchanges on Friday September 19. The Company continues with the plans set out in its August 18, 2014 press release and has no news pending at this time and no material changes to report.

    It came to the attention of the Company that there was a rebalancing of the GDXJ Index (ETF). A market announcement regarding this was made early in the week of September 15, 2014 and the Company understands that the transaction(s) closed on Friday September 19, 2014. The Company also understands that this ETF held approximately 25.6 million Banro common shares prior to rebalancing.

VNNHF.PK
0.116-0.021(-15.08%)Oct 30 2:14 PMEDT

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