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Morning Start says Franklin Owns 33 million shares of Banro common.
MorningStar says Black rock owns 120 million shares of Banro common.
120 million shares
Are you sure this company is only worth 43 million?
Here's what you get for 43 million market cap.
900 million in assets
300 million debt
Mine #1 120,000 ounces per year at cost of $930 per ounce.
Mine #2 100,000 ounces per year at cost of $930 per ounce at 70% capacity
Mine#2 will be 100% capacity by mid 2015.
Both Mines #1 and #2 along with Production / Management costs are covered by current financing through mid 2015.
Both Mines #1 and #2 are profitable down to 930.00 per ounce gold.
Financing in October is for Mines #3 and #4.
43 million market cap?
Are you sure?
Pricing Banro at 43 million is criminal.
Someone should blow the whistle on Banro's Market Makers.
If Gold was at 800 an ounce maybe, but it's not.
with a 930 per ounce cost to mine, 2 mines nearing 100% capacity, and plenty of liquidity from last financing.....
and 580 million in assets, The current PPS Valuation is ridiculous.
43 million? Someone should blow the Whistle on these Market Makers.
According to Banros Stock price, Banro not worth the Scrap metal of it's mining equipment.
Absolutely Absurd....Rediculous valuation right now.
Market Makers are really going to far on this one.
Yes, they naked shorted the stock into the 26 million share sale, but that is over.
This current price is ridiculous.
Somebody should blow the whistle on this Market Maker Activity.
According to Banro's current stock price, Infinity.
43 million MarketCap on 580 million net assets?
Really, doesn't this have to stop?
Enough is enough!!
What is the NET asset value of Banro.
Assets - Debts = 580 million?
580 million / 255 million shares = 2.27 Book Value????
NET Assets = 580 Million, Market Cap??? 43 Million.
Sorry guys, On What Planet Does 43 million = 580 million??
Doesn't the Market Cap Have to make some kind of sense here?
Has anyone questioned what's going on with this stock or reported it?
Obviously, the Market Makers are Abusing Banro's Shareholders.
When is this going to stop???
Banro does NOT follow Gold Prices.
And Has not Followed Gold Prices.
Market Makers using every tactic in the book to drive this stock down in the "danger zone" allowing institutions to accumulate at the speed of light.
last 62% drop is due to market makers shorting 26 million shares they could force the gold index to sell at .15 simply by pushing the stock below the minimum market cap of the index.
Now we sit at .18, and these guys try and "Chat" about how banro will not go up until gold rises.
BS. Huge upside correction coming soon.
How long will these Insitutions get away with this Crap about Banro being fair valued at 30 million market cap?
95% institutionally owned would be my guess now.
900 million in Assets.
Financing for mines 3 and 4 (making Banro a Mid Major) on the way.
Current financing enough to bring Banro to 100% capacity.
Geeeez people.
How long before people wake up and buy Banro until the stock is priced at fair value!!
Since you guys keep talking like Banro has to follow Gold, and Banro CAN't move up without gold, then Banro's latest drop from .45 to .17 (63% drop) should correlate to a Gold price in the same time frame, let's see...1320 - .62 x 1320 = 502 per ounce.
Yep, so gold dropped from 1320 down to 502 per ounce in the last 2 months, according to your theory that banro follows gold.
Woooooow, wait a minute, Gold is at 1218???
Man, so much for that theory.
Market makers used the forced sale of an index to drop Banro 62% in 2 months.
When it corrects back up 62%, it will have ZERO to do with gold prices......ZERO.
Sorry, that's nearly a Billion in Assets.
Billion with a "B"
Agreed, with Banro having a Billion in Market Cap nearly, and great news, with the latest 70% drop due to Market Makers shorting against an Index expiration, stepping back sounds like a great plan.
Lord knows we would not want anyone buying Banro at this Nose Bleed price.
Market Makers Naked shorted 26 million shares ahead of the Nayoma Production Date. (That is why the stock flat lined in the months leading up to Nayoma date.)
Remember thinking, wait a minute, isn't this huge sell off a little over kill just because of Nayoma not being 100%?
Remember, Nayoma still produced 50% capacity. That was still good news, but it was sold off like Bad News.
Rumors of Bankruptcy were floated out there.
Pictures of stocks crashing and jokes about wallstreet were posted all over this board.
Bashers came out of the woodwork.
And Market Makers continued to short Banro right up to the Forced Index Sell on Friday September 19th, where the Market Makers Covered their 26 million share short position.
That is why there has been no filing for the buyer of those shares.
Now, that might be irritating for people to read, but let's look at the upside.
Now we have Banro on a Rocketship back to where it should have been all along.....50 cents.
Now we will witness Institutions (who were too happy to allow the Market maker maneuver to drive the stock down), buy up Banro shares at Rock bottom prices from here all the way back to 50 cents.
Now I think the last shoe has dropped, and the Banro Team has a Pipe of Good News REady to Launch Banro.
FINALLY!!!
And by the way, I just bought ANOTHER chunk of Banro today at .173. Thanks Market Makers, you rock!!
Cheers!
If I was a market maker on a stock that I knew was owned by an index fund that I could force to sell out, just by driving the price down, wouldn't that be an awesome opportunity for that Market maker?
So here's what I think happened.
for a few months leading up to the "Amazing Opening of Nayoma Mine", MM's shorted against hyped buyers, to the tune of 26 million shares short.
(My guess, Naked short, thus not showing up on short lists)
Then a bunch of stock crash pictures are posted on here, panic sets in, and MM's go to work naked shorting stock to any new buyers, down and down.
Then allow a little bounce on the finance deal, then naked short it down again until quadruple witching index expiration.
When the index fund sells shares, the Market Maker is able to Cover their entire short position of 26 million shares naked shorted by buying the funds shares at .15.
NOW, Banro is sitting Way way way way way way below it's actual value, and Insitutions are accumulating more and more and more.
Shhhhh, insitutions buy, while the MM's try their best to keep the stock down with MM negative bias as much as possible.
So of course Banro is heading all the way back to .50, where the BS started, in time for some awesome company news to carry it further.
And once Banro breaks above the Market Cap requirement of the Gold index, guess what that index will do?
That's right, buy more Banro!!!!
That is truly awesome, and that folks is why I have thrown everything plus the kitchen sink, plus my kids future, plus my mortgage, plus my acquired debt and all my investment accounts into this Banro stock right here!!
Woooooooooo HOoooooooooooooooooooooo.
Long and Strong!!!
Go Banro and Cheers!!!!!!!!!!!!!!
What if Insitutions / Marketmakers shorted 26 million shares leading up to the Nayoma date for opening, and what we just witnessed was them buying the Index funds to cover the short position????
26 million x (.50 avg short - .15 cover) = 9.1 million profit.
Now they are accumulating as fast as they can at this INCREDIBLE DISCOUNT PRICE?
HMMMMMMMMMMMMMMMMMMMMMMMMMM?
THAT WOULD MEAN THAT THE ENTIRE DROP FROM .50 TO .15 WAS MANIPULATION LEADING UP TO A FORCED INDEX SALE.
That would mean that the stock is VERY UNDERVALUED NOW.
That would mean that Institutions are buying it up as FAST as they CAN.
That would mean that Banro is on a rocket ship headed back to .50 where the BS MM manipulated Index Play started.
And Technically, with an upside break above the 50dma, and with the 200dma hanging around .45-.50, that technically when the stock returns to .50, it would be just retesting the 200dma.
Yep, Banro is about to explode.
Hey Tech, wouldn't a MM have to file if they acquired 26 million shares of Banro?
If not, I'm curious why not if you happen to know.
abc, I'm pretty long too.
I would argue the MOST long on Banro, if you consider things like......
% Portfolios
Amount Borrowed Money invested
Amount dependant on Banro Rally in order to proceed happily in life in general.
Ha ha.
I think we see a buck much sooner than 12 months.
I think we get pretty darn close within 3 months.
within 12 months, 2-4.
Cheers!
I will now predict Banro's Price Action.
On the week of Sept 22 through 26, Banro will close above .17 to end the week.
There, you have your prediction.
Boom goes the Dynamite!!
Banro = best buy on Wallstreet at current price.
Period.
End of Sentence.
The End.
PS. No, you can't have any of my shares. They are mine.
I wish I had more, but I am tapped out now.
Now I get to watch the final days of the Banro Bullshit Parade.
Yeaaaah, and then Banro starts moving up.
Woooooooooooo Hooooooooooooooooooooooo!!!!!
Long and Strong Banro!!
Cheers and Bob's Your Uncle!
You know what I would do If I was Wallstreet, and wanted to keep as many Banro shares as I could prior to a huge multi-year run up?
Hmmmmmm?
I would let the stock drop to around 45 to 55 cents for a while.
Let the short termers load up. Then drop the bottom out of the stock quickly, all the way down to .....15 cents or so.
And I would do this ahead of the Gold bottom.
Then I would have some positive internal events justify a move up in the stock, while gold continued to drop.
As gold went lower and lower, I would inch Banro up.
Giving every short termer a chance to sell out near their buy in.
Then when gold bottoms, it's off to the races.
Just sayin. These guys use lots and lots of psychological warfare when devising their market maker strategies.
And I am getting the strong feeling that the insitutions that are buying up Banro want the shares all to themselves.
Long and Strong Banro (not getting my shares!!)
Cheers!
Are you guys telling me someone just bought 25 million shares at 15 cents?
Wholly guacamole Batman!!
Is this really all they have got?
Really, your not getting even remotely close to getting me to sell my shares.
Keep trying guys.
My shares are all mine, and you guys can't have them.
Not for any price even remotely close, try 2 bucks or higher, and I'll think about it when that happens.
Haa ha ha ha.
Ohhhhh, my, Panic, fear, oh my.
Not happening boys. My Banro shares are staying in my accounts.
Hell I'm laughing now.
Can't wait for the pounding to end.
(is .16 the bottom?)
After that, sky's the limit.
Going to be a good long run upwards before I even think of selling a share.
GO Banro!!!
If you folks are waiting around for forward dated news releases, quarterly news, or some kind of Business events to lift this stock, I got a bridge to sell ya.
Only one thing will break this stock out of it's "playing dead" pattern that market makers are Oh soo good at providing.
Someone is going to make an "offer".
Anything else, is just pipe dreams.
Now Tech, you and I both know, that funding with the "mysterious company that shall not be named" will NOT HAPPEN ON OCTOBER 15th!!
Now How could I know such a thing? Well, because project and planned positive events, NEVER EVER EVER EVER EVER happen to companys with stocks in a bottoming pattern.
Obviously, they will shock us with bad news on October 15th, and surprise us (my guess late October or early November) with finally a good news surprise.
Duh.
Still here boys!
Yep, still own all my Banro Shares.
Nope, not worried in the least about my Banro investment.
Yep, I see the stock is still dropping.
Nope, No plans to sell below 2.00 per share.
You guys are going to have to do better than this to take my shares from me.
Not impressed.
Long and Strong Banro!!!!
Never thought I would own such a sizeable amount of a public company, let alone, a Gold Mine!!!
Woooooo Hoooooooooooooo!!!!!!!!!!!!!!
Sorry, I was referring to the October financing.
Okay guys, here's what I think these guys are up to.
This prognosis is based on the following facts.....
<Current board has not recently promoted the company>
<Liberty Boys mysteriously show up, and dissappear>
<Stock is heavily accumulated but stock stays low>
<Mysterious company deal based on gold sched for mid October>
<Gap up on big news due but not likely based on current company situation>
So here is a possible scenario that I think is likely from here on out.
Okay, we all know that projected, planned positive news always disappoints right? right?
So, Obviously the October 15 dealy with the mystery company is going to fold like a cheap tent, when gold crashes into the 1100's between now and mid October.
However, the hype leading up to it will allow our now range bound Banro to start moving up in anticipation of this most excellend move back in to the 30's, who knows maybe low 40's over next 3-4 weeks, despite gold dropping.
Now my guess is the Gold prices will drop below 1200 by early October, throwing a "unexpected....um really" wrench into the dealy with the mystery company.
This will cause stock to drop like a lead balloon, back out of the 30's and back to low 20's, hence the term, range bound.
With Gold dropping below 1150 by end of October, maybe lower, the scary Halloween will be for us, and we will all shreek out in a panic, as institutions continue to accumulate.
Now around early November, in pre/post market, the NEWS we have all waited for hits, a buy out offer (I'm guessing .80-1.25 per share).
Stock gaps up to around 1.00 maybe more. Lots of hype on the buyout.
Board will turn the offer down flat, announcing they are not interested in selling the company. Stock will drop back down deep into the .40-60 cent range.
That's when our favorite band....The Liberty Boys, comes back into the picture will lots of letters to the board, saying they must sell.
This time Liberty boys have shareholder support, board forced into a corner, and sometime in 2015, Banro sells for between 1.85 and 3.00 and bobs your uncle.
Boooooom goes the dynamite!!
Thanks ABC!!
Hope you do well too!
Been along ride so far. I figure I've got probably no more than 6 months before I can cash out some of my position at a decent price.
Good luck.
Ok Folks, I'm fully loaded up!
Up to the brim!
Can't buy another Banro share.
Wow, I sure own a lot of Banro!!
Wooooooooooooo Hooooooooooooooooooooo!!!!!!!!!!!!!!!!
Helllllll Yeah!
How long before the <bullcrap> bottom, the unexpected upward news, the gold selloff, the Liberty Boys letters, and the eventual sellout to China?
Can't wait! Locked and Loaded!
Bought More shares!
Yep - Still ALL In Banro.
Nope - Haven't sold in a panic yet.
Yep - Been Watching Gold Go down
Nope - Gold prices does not matter, (It's priced in already)
Yep - I'll be holding Banro til the Cows come home.
Nope - You jarkazzians are not getting my shares!
Ahhhhhhh!!! Falling Gold prices
Ahhhhhhh!!! Ebola
Ahhhhhhh!!! October deal killed by gold collapse
Ahhhhhhh!!! Nayoma not at 100% capacity
Ahhhhhhh!!! Liberty boys going to take over
Yep, still here! Bought some more shares.
Nope, I haven't sold yet.
Yep, I'm just going to hold through this entire bullcrap parade.
Nope, your not scaring me out of my position.
Yep, I will make a killing on Banro in 2015.
Cheers!
Okay Folks here's a question......
We know China is very interested in buying up Gold mines in Africa.
We know China wants to buy these mines for the least amount of money possible.
The "Mystery company" has an MOA with Banro that is NOT OFFICIAL until October.
So that money is not guaranteed yet, from whomever?
We all know China has been accumulating gold for a while now.
Now I hear China is opening their own Gold Exchange next month?
China says they want to be able to "affect" gold prices more.
Ummmmmmmmmm With gold mines struggling at current prices, and with China preparing to buy up gold mines soon,
WHAT DO YOU THINK CHINA WILL DO WITH GOLD PRICES WHEN THEY OPEN THEIR EXCHANGE???
My guess, dump one helluva lotta gold on the market.
They dump all that expensive gold on the market, get their own currency, and use it to buy up the gold mines of their choosing to get the gold back at .......10 cents on the Dollar.
I'm sorry but this Wallstreet machine is soooo rediculous.
So am I suppose to believe with all that is going on with Banro and this turn around, that not one analyst out there thinks there is a story here?
IS THAT WHAT I AM SUPPOSE TO BELIEVE?
Are you telling me all wallstreet analysts are self serving only?
There is not one drop of honest financial media out there?
Not one analyst with an opinion on Banro that knows how to type?
Common Wallstreet, I know it's all controlled, I know the media is all bullshit, and all articles, analyst opinions, and any information made public is just for your sake, to manipulate the masses.
But your getting really arrogant.
I mean, at least TRY to make the markets look legit, right?
Wallstreet, you have become FAT and ARROGANT.
Not one Analyst out there with an opinion on Banro right now?
Yeah, that's a good one.
Thank you Banro Manipulators.
Thank you for allowing me to buy up so much of this Banro stock.
In doing so, I would like to assure you that I have absolutely no intention of selling a single share of it, until I am forced to.
There will have to be an acquisition to force me out of Banro now.
So I just wanted to assure you, that my FAT pile of Banro shares (Way more than I could actually afford, thank you Credit Bureau),
will stay safe and sound in my account.
No amount of fear mongering, coincidental world market events, or crazy rumors will have any affect on my sentiment.
No Amount of Gold Manipulation, Market maker price jerking, tape painting, message board bashing, or mismanagement gaffs will affect my sentiment.
These shares are mine.
Hey, you jerk-offs gave them to me this cheap.
Now they are mine, and you can't have them.
Deal with it!
BOOOOOOOOOOOOOYA
My last batch bought was at .195 on Monday August 19th 2014.
All of my accounts are 100% Banro.
I have leveraged credit in every possible way I could conceive, and used that money to buy Banro shares.
Credit cards, Home Equity, 401k loans, you name it......
ALL IN BANRO.
Banro Is my Straight Flush, and I've just played every chip I can find.
Trade Banro cheaply? I don't think so.
My guess is Banro is now 95% institutionally owned.
Now they need to get the retail traders to turn loose of their shares as cheaply as possible........as the stock turns upward.
But their not getting my shares!
Not for 18 cents, not for a 2 dollars.
Oh no, I see the potential in Banro, and these shares are mine Beoches!!!
Institutions are ready to start moving Banro Upward.
Buckle your seatbelts, the move upward might get........turbulent!
BOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO YA.
Yes captain obvious....
MAYBE SOMETHING IS UP!
Like I don't know, a "deal" where the stock stays locked in place for days until they FINISH the financial details and make it official.
YES CAPTAIN OBVIOUS, SOMETHING IS UP.
What if News from company is.....
They Sold Twangiza to pay off debt!!!
Yes!
I work for pizza hut.
But in the game world, I am a wizard in a tall tower, in the land of Banro. My weapons are made from pure Banro Gold, and my house is made out of Banro Stock Certificates.
Come on Banro, don't let me down here!
I need this one!
Honestly, I don't care if a meteor with a 1000 different viruses is currenly hurling through space and is targeting Banro's mines.
I don't care if the entire DRC falls into a void in the earth.
I don't care if some kindergardner invents a way to make gold out of shoe laces at recess.
I'M NOT SELLING MY BANRO SHARES.