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We are going to get another restructuring and whichever investor pays up more, Gramercy or Baiyin International will come out in control of the assets now. They get to decide if anything at all is left over for us.
If your wondering why I am not commenting, its because I am speechless, this is unbelievable where the price is.
We can have 100% rallies back to back to back to back and my loss will still be in the upper + 95% loss percentile. On the bright side Gold prices are firm. Really I dont have any moves to make or anything to say here or I would, I am just as surprised as all the investors here with Banro's performance. There is a inverse relationship that has gone on far too long to what could be done and should be done and will be done, we just dont know, do we?
I am down over 99% on this investment, just for the record I am long term bag holder.
Operational efficiency being reached while gold prices continue to trend higher
Long term it's reasonable for Banro to have a $4 to $12.50 per share price target, considering optimal efficiency of production is reached without adding to capital expenditures. POG needs to hold steady and the stock could be indicating a follow through of higher Gold prices coming.
Things are looking up!
I dont know about capitulation, I would think we have experienced capitulation the last week of August. Time will tell, so far it's holding the floor in the technical charts.
If you want a sticky note or any specific updates please make the request to me directly I will do my best to update the board in a timely fashion.
That's not true, I am long and strong and have been invested before Banro built the first mine, go back and check my earlier posts from years ago, in fact you will see I am still long and strong.
It's not going to rebound overnight, the price action is positive considering the long down trend. It's not a scam because it's not flying back to its previous levels. There is a lot that needs to be addressed as far as capital shortfalls, production numbers and refinances. All which are instrumental to a long term recovery. Gold still needs to go higher than $1330's for Banro stock to come roaring back. We are almost there but not quite yet, sit tight.
I founded this board years ago, long before Banro built the first mine and Banro was still a fledgling exploration company.
I think we are set up for some positive price action here, at least that is what I see when looking at the chart, taking all factors into consideration and coinciding it with the price of gold. Good Luck Banro, you still have what it takes, that being tons of gold in the ground and plenty of room and opportunity for expansion with new mines.
You have to think at this time, the company and its big lenders have total control of what happens next, really I have to wonder if they don't take it higher here. Meaning things start to improve operationally and financially. Banro has everything they need for profitability, what is to gain by selling this off any further? The Mines are not declining, but in contrast the reserves were proven higher, in addition as gold rises so does the value and amount of the reserves. Well if anything what develops will be interesting.
If that chart is not capitulation to rock bottom I would not know what to call it...
I think you are wrong about most of your comments with the company coming in here and pumping up the stock. You have to put yourself in the shoes of the longs here. I personally rode this stock from $1 to $5 before it came all the way down here to .027 Banro had a lot of promise 5 years ago. Nobody buying at that time had any idea it could ever go this low. You have a conspiracy theory it was the company, but you are quoting myself and other older investors that have been saying and believing those things for much longer than 5 years , go back and read our posts, we really had a lot of faith in Banro and things were on the upswing and looking great all until the Namoya debacle where the wrong processing equipment was ordered and at that time Gold started crashing from it's all time highs in 2011. So I know from my own history there it's no conspiracy. We really are the longs and some of us still see a glimmer of hope in a rising price of gold.
This is the capitulation we have been waiting for!
I dont see how it's rational to continue selling off here, all the pieces seem to be falling into place for both capitulation and the ensuing major rally.
Production was great considering the circumstances they are under. The stability of the country is weakening and while there were a few bumps along the way, our Banro train was not derailed.
Banro may have sold out intermediary ability to gain on price of gold through deals and contracts, but the positive is that they will have contracted funds to continue operations. While price of Gold will not affect near term profits, it certifiably will increase the market cap and financial outlook. They are doing the best they can until we can swing into profits which will eventually come.
I dont know but that target seems such a long way from here. We are all hoping for something great to happen!
Its not rational to sell this low the trades coming in during the early morning hours today are not rational. The company shed over 8% market cap while only $128,000.00 dollars worth of shares traded hands. These are significant numbers and statistics.
What can save us Gold price? Or a buyout from Rangold?
How could such a low happen, this was never imagined especially at these Gold price levels. What about our profit margins? The all in cost to produce Gold is below where Gold is trading!
Its ok to overshoot the downside target a little, looks like currently we are finding some footing.
We have reached the 50 million market cap level I predicted, these levels appear to be fair valuation. It would be nice to see some technical reversal to the downtrend. Hopefully we get great news from the company and Gold price appreciates.
Long due for a bounce but no capitulation yet, a tough place to be in. Always in a state of almost... but seemingly never getting there.
This could very easily turnaround if the price of Gold appreciates. Otherwise they are dug into a hole they can't get out of, production shortfalls, grade shortfalls, terrorist attacks, plant shutdowns, loan covenants.... Unless the angel investor comes in to save the day and recapitalizes the company under more favorable terms for its shareholders. We need a few prominent additions to the management team, a real spokesperson for the company. It's not possible for any operational efficiencies or changes on the ground to save us at this point, we need help from a higher outside power and the most likely savior is the price of gold. How does Gold look six months out from now?
What do we need to see in terms of technical to have a bottom in place and trend reversal? Its clear to me we are in free-fall, we need a bottom that the chartists can appreciate. This can only come from the price of Gold, Banro continues to fail, only the appreciation in price of Gold can salvage anything at this point. This stock has basically become a cheap option on forward gold price speculation. Without $1600 oz Gold we will stay in default of future loan covenants, that is a hard thing to price in when your dealing with management who already sold us up river.
Has there been total capitulation, regarding technical analysis?
Relax, gold is down today, don't get your panties in a bunch!Trend will come back the other way in a few days...
I don't know Gold has been pretty volatile as of lately, either Gold will rise, and along with the tide so will we, or Gold will fall and we continue this march into oblivion.
Just keep your eye on the one thing that can save us POG (Price of Gold) No point in getting depressed now.... Turn the attention to GOLD! We still have the opportunity to look at the glass as half full. Gold is looking good, hopefully this wind stays at our back and fills our sails so we can move on to higher prices once again.
ha ha everyone is down and out while Gold silently breaks $1300 and saves us LOL! ( A real possibility here )
I'm calling 0.45 this needs to touch 50 million market cap before a reversal is possible.
To date is this the fastest hardest decline in the stocks history?
Are we seeing a climatic bottom forming? Total breakdown as we speak? Just look at the trajectory, has nothing to do with price of gold, why are we going straight down?
Where are we with a 50 million market cap? If that is the target , then that is the target.... makes sense to see it hit the target first before it recovers on stronger gold prices!
It only means one thing, company is bankrupt, the Chinese are going to walk away with everything. We are left holding the bag as usual. We will see 0.035 cents and maybe even 0.000001 cents in 3 years from now unless, Gold stages a comeback! Now we are living on a prayer.
keyotee was wrong about 0.06 its really going to 0.035
China is behind the attacks.