Post by
jermiah777 on Sep 20, 2014 7:49pm
26 million shares
Anyone who owns 26 million shares of baa owns almost 10% of company and obviously has so much invested that he would know everything about the financial health of this company. For him to sell at the price he did tells a HUGE STORY BEHIND THE SCENES.IF WE COULD HEAR ALL THE CONFIDENTIAL TALK OF DIRECTORS WE WOULD UNDERSTAND WHY HE SOLD. Im convinced it all came down to one factor: future price of gold. The latest fall in gold prices convinced him that the experts that are predicting 1050 for an ounce of gold within a year are correct . The implications are enormous for many gold companies. To illustrate: the TITANIC was designed to keep floating upon striking an iceburg and taking on water. But their is a LIMIT to how much water it could take on. The iceburg it hit caused too much water to be taken in. And at least one engineer knew it will sink with the damage it has sustained. Similiarly when they set upon building up the entire BAA gold mines...they took into consideration the potential for a falling gold price. BUT perhaps no one forsaw 1100. In the beginning of 2011 gold was 1400 and climbing. 2012 it was 1600 and climbing. When BAA started building their gold empire they probably never considered gold going below 1200. But here we are at 1200 and all indications are we may go lower. We are at a crucial threshold where insiders are wondering are we going to be taking on too much debt and sink? Or are we going to stay afloat? The investor that sold 26 million was convinced BAA is going to sink and jumped on the lifeboat. If gold rallies up to 1280 in the next month BAA goes back to 45c. If gold continues down, BAA goes down to 11c.
Comment by
Prof_JD on Sep 20, 2014 8:38pm
7 GREEN days in the last 51 trading days.... factoid: 0 times recording more than 2 days in the GREEN 1 time recording more than 1 straight day in the GREEN -this stock has been pumelled more than Rocky Balboa part 6 VS Drago at his prime. jd the prof
Comment by
jermiah777 on Sep 22, 2014 1:07am
Well prof....you seem quite confident about tge direction this stock is going. Im curious to hear your predictions for baa today before markets open. Low? High? Im saying it goes to 15.5c then bounces up to 18.5 cents.....your thoughts?