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You see the .14 level? You see there is a big fat lady sitting on the .14 plain and simple. And you know its not just BAA look at poor GSS all the African miners were hit hard. You are going to sing like a bird soon when the lower fuel cost are anticipated in forward production cost and it manifests in the form of a GDX rebound.
These prices are truly a gift from God!
Cost of Fuel keeps falling, Banro's biggest expense.
just added a little here
Everybody is coming back because they can feel it, class is about to be in session!
You can tell when the financing is over, and it will start off with BAA gaping up higher, the day before the news is released because the lenders are artificially holding the price down for more favorable terms.
We are scrunched up against the 50 Day Moving Average. Its either going to go up or down here, and make a big move that will set the stage for next leg
Dow going to sell off & push Gold higher!
MARK MY POST! GREEN 2DAY .17 Tomorrow!
You will be surprised at the EOD Reversal!!!!:)
Final flush going here of the ultra weak hands.
Close GREEN, Tomorrow Seventeen!
Gold is still up, Dow and $ are in downtrend, Gold is in confirmed uptrend. Closing green on the day, tomorrow .17
Mid-day reversal underway, Closing Positive! Tomorrow .17!
.17 coming tomorrow, load up!
Consolidation @ 50 DMA around .15 Healthy!!!!!
Banro generates 100% of its power from diesel generators. All the heavy equipment runs on diesel. This year we have seen a 40% reduction in the price of distilled petroleum products. A 40% reduction in your biggest expense, is going to have a major positive impact on the bottom line, especially 4th quarter as overall cost are already coming down independently from fuel. Banro is quickly becoming a lean and mean producing machine!
.17 by Friday then onward and upward towards the Sun!
My Christmas present to myself this year, MORE BANRO SHARES!!!!!! :) GO BANRO!!!!!!!!
30% decline in Oil and Gas relates to a 20% decline in Banro production cost going forward. Its like having $1400 oz gold!!!!!!!!
Actually I'm a realist I know Banro inside and out, I have been here for all the ups and downs, when you have Banro flowing through your veins you can taste and feel when we are at major turning points. Its not something that you can explain, but something you can feel with all your conviction and your heart, sort of like intuition. You know I founded this board over 5 years ago, I have been investing in Banro all this time, never selling. The day to day ups and downs dont phase me, the general sector demise wont phase me because the decline is not specific to Banro, we are in a cyclical decline. When I consult my experience of 15 years studying charts and cycles, I truly feel all signs are all pointing to Banro going sky-high here and starting the rebound back to multiple dollars. There is no way there can be a lower bottom price than .13 the low is behind us, not ahead of us. Now you can take my experience and position of being the longest owner here with a grain of salt, and I wish you the best with whatever you decide to do, but I know it and can feel it, the gig is up, Banro has begun its recovery. Class is back in session.
Redemption is @ our feet! I can feel it the time is now!
Because they understand what it feels like to be a Banro long. We have experienced pain unlike anything you can imagine, to see the World zoom by while the DOW hits new all-time highs again and again, the incredible pain and incredible torture we had to endure to stay with Banro all this time. The dancing bananas know this is the hour of our reckoning, the dancing bananas know our time is now. Finally Banro is ready to fly, unfortunately the rest of the World is truly going to hell in a hand-basket, but for us Banro longs. These conflagration of events, are a long time coming and a much awaited, its truly time to celebrate, and the Bananas are getting the party started with the Peanut Butter Jelly Dance!
Huge victory on Long term Gold charts! HUGE!!!! SUPER IMPORTANT AND CRITICAL MOVE AT MAJOR INFLECTION POINT! The wind is now at our back and filling our sails! What a calm peaceful feeling, never did sell one Banro share! Still adding!!!!!!!!!!!!!!!!
Once Banro breaks .30 its time to grab all the FREE Loncor shares you can carry!
The currency used in DRC is the USD! $$$ To invest in a country that utilizes the USD is a safe haven in comparison to other African countries that use their own printed currency! I bet most of you did not realize that fact! Investing in Banro is awfully safe based upon currency and considered bulletproof when it comes to devaluation of currencies due to foreign political or central structural problems. Go to any other African country and you could end up with major losses from the currency alone. We at Banro don't have to worry about those things! GO BANRO!
Go Congo! Go Africa! Go Banro! Go Gold!
Our ship has sailed into port, Bone Voyage!
I'm transferring funds in like a madman! This is it time to lock and load!
We are about to get vertical! Yeeee hawwwwwww, Baby buckle up!
The Global economy is in crisis mode, China has worst sell-off in 5 years yesterday! Japan in recession, Europe never left recession. Global demand for Oil and Gas demolished, Fed keeps inflating asset bubble, its a mirage recovery, not real, all signs point to GOLD! GO BANRO!
.17 by Friday. Mark this post!
I expect .17 BAA shares by week end.
Actually the key figure is Market cap, recently Banro had a market cap of 880 million, that's almost a Billion dollars. Today after you add in the options and warrants and convertible preferred shares we have a market cap around 50 million. Even if they do a reverse split, you still have a profitable Gold producer with potential. What will the market cap go to? 25 million, what makes you think its short-able to .09 seriously good luck to you. Banro has spent already a billion, the company which is profitable is worth more than it is quoted today at 50 million. In fact we will see a revision to normalcy within the mining sector, currently we are experiencing extreme conditions where the price is at the end of the spectrum. Eventually we will revisit the median, and eventually the highs, that's why they call it a cycle. The price swings wildly to one end and then back to the other.
There are many calling for $1000 gold for 2015, I'm guessing that could pose a problem for Banro to refinance the debt on favorable terms, but by golly George, I feel like they will be profitable even at $1000 gold and if they are profitable, they will survive, and pretty much they are already priced for bankruptcy, so buying here is truly a dream price. Best entry in history of the company! Best entry in history of mining! What was the cash cost at Twangiza under $700 an ounce! We are well within the safety buffer zone here, Banro has incredible staying power and potential to be a multi-billion dollar company. I'm staying with them all the way,I was buying this stock at $5 and up, and still buying it today @ 0.138!
Loving every minute of it!
Dollar is catching a ride on a rocket ship! Is the trend sustainable? Will Gold make a comeback? Will Banro make it through the greatest miner sell-off in known history? Stayed tuned folks to the most exciting, edge of your seat show, load up the boat with those BAA stocks. Don't forget when the fear in the air is so deep you can cut it with a knife and when nobody loves Gold is when it's ripe for the picking. I can smell the sweet fragrance of success, ahhhhhhhh so good! Hating my portfolio, YES, but loving every minute of it just for the hell of it? YES! Go Banro!
I added shares today!
Look for the reversal! It's coming, and when it's least expected, when all the trolls come out to bash gold... For the record, Gold closed above the support line today! We closed above 1171 we are clearly not in a sell-off and only bouncing off support. Maybe Gold will break it Monday, but as of today we are still Golden.
Current trends are simply the illusion created from the FED.