It appears they do not need to meet the $3 min PPs as outlined in the NYSE-MKT requirements because they are a foreign issuer. Not sure about their status on the TSX. Never the less they will not go BK, they have enough borrowing power to ride out this storm.
Yes and Van Eck gobbled them up plus another 6+million shares. To All, take a look at Van Eck's fund, they know this business of precious metals and bet big on our BAA.
I see a company with a BV of 1.94, and with a all in cost of less than 1k per oz. I hear market correction, market correction, over and over again. I believe the blue chip rally is purely momentum based and not fundamentally based. Market correction is coming, just a matter of when, and the last time that happened everyone got on the Gold band wagon. My bet is it will happen again. So I am starting early, hedging my bets, and since BAA is so undervalued it is a easy candidate for growth and/or a buyout. My only problem is I guessed too early and started shifting my money a year ago, never the less I am confident for the future.
Yeah baby! Let's go BAA. Piece of cake 4 bagger here folks. This little pup is worth $2 should be at $1 for all the ladies soon enough. My avg is now .40. If you are new get in now, cause I am happy with where I am. Boom goes the vault.
Sentiment: Strong Buy
Great day! Keep them coming, slow and steady is nice for me as I am in this for a while.
Look it up, should help. I also find it interesting that the new analyst starts coverage right when the ex-Barrick exec. starts his new position at Banro. It is also worth noting that Banro's new exec. is an acquisition specialist. :)
My avg. pps is 0.45 and I am not worried. I do not have as large of a position as you though. You will be very wealthy if you hold. Good luck to you.
Also it is not Ebola, the WHO reported this on Wed. Look it up. They also say the bug is not nearly as bad as Ebola. I pray that the WHO can figure this out and help the people with nothing more than a shot of meds.
Ebola does not kill the gold in the ground. This is not some tech company making phones, or some retail company passing goods with a mark up. If work has to stop then the gold just sits there. This is a opportunity for our good BAA to get some free press, after all they have already helped the people in the area with schools and such.
Agreed! I like the more conservative volume, but I don't like more sellers than buyers. I will hold never the less. Good luck
You are right 70mil market cap is a joke, company is worth 500mil as is with debt and all. Run a little smarter and leaner would be a billion dollar cap. They are sitting on roughly 11billion worth of gold that is why it was worth so much 5years ago, it has gone down because they are learning how to pull it out. They were punished for not taking on a partner that has experience in production.
I would be more comfortable with slow and steady from here. .31 with 1mil-2mil volume. Pure candle from start to end. 1/10th of the float changing hands in one day is a little scary, as for every buyer there was a seller. Less big selling would give me even more confidence.
I am not a short. I do not believe santeleeys, like I said the short interest is only 400k shares right now, so he is betting 250k share the pps will go down? Also short interest is already wiped out, how easy was it to wipe out 400k shares on a 20mil volume day. People are not intraday shorting 100k of shares on a .25 stock. Most retail brokerage firms won't let you. Am I wrong?
Really? Total short interest is 400k at the end of July, and going down. I do not understand how others on the board are talking like this is a short squeeze? Short interest has been less the a million share for over 6months.
You are right, it is a large casino. BAA just looks so good to me. Large upside with minimum downside. Your 5k share can easily turn into 5k cash, if not you lose 1.3k, I like your odds. My stakes are a little higher as I started trading at .70-.80 pps. Look what Van Eck did in June, they bought 20+mil shares. The big boys know something.
Billions in gold sitting under their feet, and more cash now from people smarter than you and I. Inst. ownership has risen in the last 6 months not declined, and I think it has gone up even more in the last 2 days. I have been on this stock since 9/13, avg PPs is .43. Not worried, no bk, and to all other retail investors with shaky knees, just look at what the big boys are doing. They are throwing money at our BAA!
hanging around til 1.44, I just like that number. It will happen in a year, and more then $2ps if they sell.
I have averaged down now by buying at .27 today. I feel it has stabilized for now and we go up from here. I have been trading this stock since 9/13. To be honest I was really upset to here about the 2nd plant problems. I was banking on that plant to reach capacity 3 months ago. But at this price, with 1 running plant, this stock is a steal. There is blood in the water right now, fear time, so that is the time to buy back, and that is what I have done. Avg PPs 0.45 and I am happy with that.....for now.