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Recon Technology, Ltd. (RCON) Message Board

cgcurry 15 posts  |  Last Activity: Apr 14, 2014 3:27 PM Member since: Jan 2, 2013
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  • Reply to

    I am still holding BAA....

    by jwebb0605 Apr 14, 2014 2:39 PM
    cgcurry@sbcglobal.net cgcurry Apr 14, 2014 3:27 PM Flag

    I am in the same boat as you are. I have being buying this stock since 9/13, I have ran out of money to accumulate more, I have brought my avg pps down to .62. Which I am very comfortable with. I believe the stock will hit $2 when they start to show Namoya running at commercial capacity. I was really hoping they would do this for the Q1'14 production update, but I was disappointed with the report that we only got 3k oz again from Namoya.

    Not sure why another gold company does not buy them, I would gladly sell my shares for 1.90ish.

    I think this is staying at sub $1 for the following reasons.
    1. Congo factor, taxes go up and rebels like to fight, it is up to BAA to protect their interests, lawyers and government can't stop thieves. I am not worried about this as BAA has already moved 100k+ ounces of gold around last year.
    2. Manipulation, per and simple, people with more info than you and I are buying in the 50's selling in 70's shorting down to the 40's buying in the 50's again and repeat. Making a ton of money.
    3. Next large institutional buying rally is waiting on proof of future growth and debt reduction. It seems like every time BAA makes money they start borrowing more. This needs to stop for the stock to push about $2.
    4. Price of Gold. This really does not affect this stock as much as I thought it would, there is too much manipulation going on.

    Bottom line, a lot of institutions want this stock, and when one leaves, another quickly picks up the shares. BAA owns billions of dollars in gold, proven to be in the ground, they just need to start paying off debt and not taking anymore on, all in cost is around 1100oz and will go down as production increases.

    BAA, please slow down expansion after Namoya is done, pay down debt, and start new expansion with gold from Twangiza and Namoya. Then I will hold my positions, if one more announcement comes of debt increasing, then I will wait for the next MM manipulation, and sell about .62 pps.

  • Reply to

    Why this is a sell

    by commander_cornelius Jan 20, 2014 1:47 PM
    cgcurry@sbcglobal.net cgcurry Mar 20, 2014 3:09 PM Flag

    Looks like the news will come 3/26. Should have a nice surprise hopefully a bump above .76. The manipulation is a killer. I have been buying and selling BAA since 9/13. I have always owned some, I did not sell any last week, but should have, and I would be buying right now. I am hanging tight, it takes a while to get attention on these microcaps. Future is looking really bright. We just need them to brag a little more about the info people like you and I have dug out on our own.

    Sentiment: Strong Buy

  • Reply to

    Why this is a sell

    by commander_cornelius Jan 20, 2014 1:47 PM
    cgcurry@sbcglobal.net cgcurry Mar 17, 2014 2:17 PM Flag

    Looks like my math was accurate. BAA made an announcement to Class A holders. EPS for Q42013 were .0176. More gold to come this quarter with second mine going, and the avg gold price for this quarter should be higher than the 1267 they got last quarter. Love it BAA!

    Sentiment: Strong Buy

  • Reply to

    Short interest continues to drop

    by cgcurry Feb 3, 2014 6:23 PM
    cgcurry@sbcglobal.net cgcurry Feb 4, 2014 11:31 AM Flag

    I am just as frustrated as you are. But I am hopeful that when it gets good it will get real good.

  • cgcurry@sbcglobal.net by cgcurry Feb 3, 2014 6:23 PM Flag

    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.

    Sentiment: Buy

  • Reply to

    The simple fact is...

    by raymondcbs Jan 29, 2014 1:46 PM
    cgcurry@sbcglobal.net cgcurry Jan 30, 2014 5:36 PM Flag

    Well said, sir. Thank you for your input.

    Sentiment: Buy

  • Reply to

    BAA's location is making people nervous

    by df2830 Jan 23, 2014 11:43 AM
    cgcurry@sbcglobal.net cgcurry Jan 23, 2014 5:52 PM Flag

    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.

  • Reply to

    BAA's location is making people nervous

    by df2830 Jan 23, 2014 11:43 AM
    cgcurry@sbcglobal.net cgcurry Jan 23, 2014 3:43 PM Flag

    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%)

  • Reply to

    my concern here...

    by raymondcbs Jan 13, 2014 5:23 PM
    cgcurry@sbcglobal.net cgcurry Jan 23, 2014 2:33 PM Flag

    You may be on to something here raymond

  • Reply to

    Is this stock a buy/sell?

    by mvrs30 Jan 22, 2014 11:42 AM
    cgcurry@sbcglobal.net cgcurry Jan 22, 2014 1:10 PM Flag

    My avg. pps is .67 and I am holding.

  • Reply to

    Why this is a sell

    by commander_cornelius Jan 20, 2014 1:47 PM
    cgcurry@sbcglobal.net cgcurry Jan 20, 2014 2:51 PM Flag

    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.

  • Reply to

    Why this is a sell

    by commander_cornelius Jan 20, 2014 1:47 PM
    cgcurry@sbcglobal.net cgcurry Jan 20, 2014 2:29 PM Flag

    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.

    Sentiment: Buy

  • Reply to

    my concern here...

    by raymondcbs Jan 13, 2014 5:23 PM
    cgcurry@sbcglobal.net cgcurry Jan 17, 2014 6:28 PM Flag

    Sounds good to me. I too hope it does not follow the market.

  • Reply to

    my concern here...

    by raymondcbs Jan 13, 2014 5:23 PM
    cgcurry@sbcglobal.net cgcurry Jan 17, 2014 6:26 PM Flag

    I am taking offers for 1.92 a share. That would be great!

  • cgcurry@sbcglobal.net by cgcurry Jan 17, 2014 1:01 PM Flag

    Solid gold rally going on today...Who is messing with our BAA? Should be up 3%. I guess we will wait and see, just frustrating.

    Sentiment: Buy

RCON
4.88+0.03(+0.62%)Apr 15 4:00 PMEDT

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