1.8mil, 1.5mil, .8mil, now .7mil. Not sure if there will be any shorts left in a month or two. Now just waiting for MMs to buy. My new Avg. PPS is .64, and I am not worried, just a pop away.
I am holding. I think the next quarterly will show a + EPS and that will be with a lower gold price and lower production than we will have for Q1 2014
Thanks for the info, I just started looking at GSS with their new spike, do not own any though. May main point is that they BAA did their job and no one hi-jacked anything from them. Congo seems safe to me.
GSS EPS is (.46). Damn it costs a lot of money to get that 300k out of the ground. Also GSS BV is .85, so they do not have the much gold left. And inst. holdings are only at .30%. Everyone thinks BAA is a better company. If you have GSS good for you but I am more comfortable here at BAA for small cap gold mining.
BAA was able to pull 100,000+ oz. of gold out of the ground and sell it last year. Not sure why people are gathering up GSS, as they have yet to prove themselves as BAA did last year with 1 mine, and will do it again this year with 2 mines. Maybe there are more folks selling GSS to get out, and many here at BAA are holding, there for the MM's are just trading with themselves in hopes for a sell off? Then they grab it up and make it fly? Individuals like me just have to sit and wait it out. No doubt frustrating when gold surges like it did today, and BAA goes (1%)
Just as frustrated as you, but BAA always seems to be late to the game. Not sure why though. Same thing happened on Friday.
Found it, BlackRock did lower their position from 29mil at the beginning of 2013 to 26mil at the beginning of 2014. Thank you for your honesty.
I see how JPM lowered roughly 1 mil shares from 13mil to 12mil. But I thought that BlackRock was all new? 26mil new shares. I do not see that blackrock was a previous owner? We will get 1.8 cents EPS for last quarter if all in cash cost is still only 1,059 per ounce, by my math. That was with gold at 1267 an ounce, as gold goes up and the production doubles, we should see 6 cents EPS by the last quarter of this year.
I disagree otar. Market will correct this year, the economy is not that great. Maybe Raymond is referring to the 75% rule for stocks, being that 75% of them will go down together in a bear market regardless of how good the company does. I am betting that this stock is part of the 25% that will go up during this overall bear market, but I do understand Raymonds concern as this is a stock not physical gold.
If you have positions in the Dow, S&P, or Nasdaq, maybe look at BAA as cheap insurance, that is what I am doing. I believe a couple K of this will cover a lot if the market correct 20-30% which most believe.
Short interest in now down to 800k shares. That is the lowest in a long time. Other fund managers will be taking note that blackrock bought 26mil shares last quarter, so that is a positive for longs, as more funds start to buy BAA the price will go up. Not sure why blackrock would now short when they have such a substantial position now, maybe they did short before though.
BlackRock made a huge purchase of stocks per the SEC filing dated 1/10/14. Institutional investing is a good thing as the assumption is they know more than us individuals. Downsides anyone?
These updates are crucial, imo, to let everyone know how the company is truly performing based on there projections. I like what I am seeing. Thank you again BAA, you could have waited til next month to release formal earning, I really appreciate this snap shot.