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Well remember it was all about tapering...
and the institutions went wild and oversold anything related to gold. They fully ignored all the macro news about banro going foward. Then the game changed with that horrible jobs number the other day. Tapering is not going to happen at all this year and probably not next year in fact they may need to add to QE to fight the euro now. All that is just being factored in and there sat Banro at .59 unloved and unwanted but what had changed in their story? Nothing but improvement. Doubled Twangiza production from projections from last year of the same quarter to a commercial level the very next month after the new grinders were installed. Banro had already positioned itself operationally to return to Gold going below a $1000 a share and now ...its not but banro has morphed already and going in the direction they intended now... the macro story is outstanding...look at the pps in a week and see it over a buck and growing. When this stock gets near its Enterprise value then we can take some off the table but not until then...there is no reason too.
Do as you feel best....
You are trying to guess about things that are out of our control. Things that really have overall effects on the mining sector but you are missing all the micro news as it pertains to Banro.Well your not missing it you are choosing to ignore it.
What if Gold doesnt go up but just trades sideways for years? At this level right now banro makes money hand over fist. With each month they come closer to Namoya. With each month Twangiza is producing at a commercial level starting back in September of this year. With each month all the upgrades to their mines come closer to finishing and adding value. All the things like Enterprise value, Book Value, Guidance on tonnes, etc.... all things that make Banro Compelling when it was $14.00 a share in 2006 not on what it was but what it was going to be and back in 2006 gold was around $600.00 a ounce?!!!! yet Banro was considered a valuable stock.
But I'm beating a dead horse...you have let known that you want it to go to .50 for whatever reason and that door has closed...now you want to hold out and wait for .77 okay but that door is closing too and imo has shut.
Your a smart guy or you wouldnt even bother with banro...but i think you are overplaying it and going to miss the play in order to try and be right about something that in the long term...dosent really matter.
Maybe you should read this.....
http://seekingalpha.com/article/1735872-which-side-of-goldman-sachs-is-right-about-gold
Goldman Sachs increased its physical gold supply at the same time they let their own analyst reiterate his sell recommendation.
They are playing devils advocate and all the while ripping guys like you who have only one mind set. But go ahead and show everyone how smart you are even though everything and i mean every indicator, economic data, supply/demand, etc...is pointing opposite of what you just posted.
could i post that on the yahoo boards for all to see?
You have several factors in Banro's favor right now....
Aside from gold steadily moving up to challenge resistance and move into a bull market ...you have banro which if anyone had bothered to read the third quarter last year they were projecting that they would produce 10,000 tonnes and yet they doubled that output from twangiza according to last weeks early update....
no tapering until next year if at all... this mess and left a question mark on treasuries from here on out and we all know about the attempt by some entity to manipulate 5000 options on gold too....
Banros second mine is coming online in the 4th quarter and will help raise tonnes and they are lowing cost into 2014 plus the stocks pps is rebounding from all time lows...in a very sweet position with several larger catalysts adding to the stocks strength. enjoy
50 EMA being broken now...emo
Some Things to Ponder This Weekend About Gold/Debt/Market?etc.......
http://advisorperspectives.com/dshort/guest/Michael-Lombardi-131016-Gold-Manipulation.php
http://beforeitsnews.com/financial-markets/2013/05/wanring-the-stage-is-set-for-the-3rd-stock-market-crash-of-the-21st-century-2544398.html
I particularly like the chart in the second link....
http://blog.kimblechartingsolutions.com/wp-content/uploads/2013/04/margindebthappyguyapr30.jpg
I think we have a small group that knows this and they are trying to manipulate the price of Banro.
For a couple weeks one to three and possibly just one with multiple aliases on Yahoo has been reprinting that over an over. Got a firm IMO or a independant investment group working overtime trying to build a position in Banro but each time they try to buy in it causes the pps to pop which is not what they want to do. Regardless its kinda dirty tactics to use on folks who are misinformed or just too lazy to find things like that out... anyways Banro quarterly is a couple weeks away and maybe they will have some more surprises like beating which will take this over a $1.
IF Gold does again tomorrow what it did today....
and there is no reason to believe it won't.... Banro should run hard to the .90's there is no resistance until that level. Your chart looks great by the way!! i knew you were a Banro player. I havent look at futures yet but they took the lid off of QE till next year. Im sure one of the minor fed board members will come out tomorrow or next week if gold gets too happy and try to throw a wet blanket on it but...maybe not.
Glad to know stronger heads prevailed on this board.....
Lot of ignorance out there being expunged on the weary BAA investor. But surprise surprise now that the debt limit has been lifted and the default left to another day....we are back at the same situation we were at years ago.... QE turned on and up maybe thru next year and just adding on top of what drove gold to 1900.00 ...Going to ride this thing all the way back to all time highs again. ENJOY!!!!
All we need is Volatility and some common sense....
as it pertains to what is fair value for Gold now and what is not. It has been reported that demand is still higher than ever in the East. Miners are not able to produce it fast enough to meet demand. We do have some of the Billionaires or Whales selling some to cash in profits which i think is the reason why The price has been driven down to this level...but buyers are stepping in too.
If you look at the last time Gold hit all time highs it was the 1970's and that was $800.00 a ounce the argument i have read is that if you adjust for inflation and appreciation and other factors the fair market value is around $1400.00 and ounce.
I dont preclude myself to the $5000 an ounce group or higher as i think it would take an actual default and U.S. Treasuries to drop Significantly or another emergency to cause that but i do believe all things being practical and fair that Gold should stay right here or higher and if we can get that then Banro is in the Black for good. All they do is dig it up and do first refining then sell it at market thats it. They can adjust how much they dig up or sell and can alter those totals to fit what the market bears. But Im encouraged that Twangiza is producing higher numbers exactly like they said it would. They are doing everything they say and all thats on the CEO and boards mind for 2014 is "Shareholder Value" i have heard theme state that several times.
Be patient with our investment and wait. They will continue to deliver.You can tell they are pushing things to get done and want to get Namoya going and get the other two started. By the time we have that first pour in the 4th quarter and both mines are firing up .... by then the stock price will be closer to $2 IMO .... if you allow yourself to miss the opportunity simply because you want another .10 or .20 on the down side? To what flip it at .70? That tells me that one does not believe in anything the company is doing or saying past present or future. A buck is coming but I'm waiting for $5 again...might be a year or two but it will come.
by the way stockswinger on yahoo board is sparks
just as i am me. I see what you are attempting to do and i commend you on your attempt but if you wait too long you are going to miss the bigger move coming and it may happen sooner than later.
"There are two gold markets a physical and a paper market.
The physical market is VERY small but is what underpins the paper market and I think that is why things are going to look fine until suddenly they aren't. I dont think you are going to see a gradual trend reversal rise in gold but rather a sudden jump when some catalyst changes the psychology and physical is much harder to find than participants expected"
Quote from Hebba Investments who posted the previous article
THere is a great transition and power play going on here and China/India is doing it. A few years ago when saudi arabia considered switching off the dollar and to the euro America cut off the grain and this led to the Middle East Spring. Whats going on now is Gold is being sucked up at this level greater than ability to produce it and Banro's #1 customer is not the US its China , India, Australia and other countries. This is a CANADIAN company. Somehow this has not registered to some traders yet? But sell if you must or if you think you can panic people out of their position best of luck using a message board to do that. sheesh.
U.S., Switzerland Export Largest Ever Amounts Of Gold To Hong Kong
Here is and interesting fact article i found...
http://seekingalpha.com/article/1736132-u-s-switzerland-export-largest-ever-amounts-of-gold-to-hong-kong-and-investors-should-take-note?source=yahoo
Your posts are conflicting at best...
One minute your holding 38000 shares at .72 and talking about how much gold banro is going to be producing 280,000 a year and eluding that a buck is too cheap and then the next time you are unsure about Gold and saying its going to a 1000 an ounce and i am going to crash and burn?
Which side of the fence are you on? Is Banro oversold or not? Is what Banro has been trading up as high as $14.00 years ago and recently over $6 because not just that Gold was overbought perhaps but that for years they have been talking about whats to come with Twangiza and Namoya and finally that time is almost upon us? 13-F filings like Blackrock who bought 10's of millions of shares this year know that the potential is still prevalent.
Aside from all the tapering talk which with yellen coming in possibly and the current mess it leans more to the fact that if they do taper it wont be this year and if they do it will be so insignificant that the correction of Gold is already priced in without mentioning what they have been doing for years to the dollar and at a smaller percentage continue to do for possibly more years will impact Gold... what some call a bubble one could say was just a premonition spike of whats to come? maybe?
Regardless Banro has positioned itself to be able to lower operational costs now and in the future and has setup it operations to be the lowest cost producer in the congo if not all of africa going forward. Just on what the fed has done by adding trillions of dollars in the past is going to keep Gold above 1000.00 and ounce at least in my lifetime.
THe growth in our economy is gone. Jobs are gone.THe global economy is slowing again....we might even slip back into a recession or a depression if they dont get things ironed out this week.
The damage is done and will take decades to fix. Eventually Gold is going to turn sideways and then begin to increase...but ill take sideways right here or near a Thousand which will take months if not years to get to that point. By that time banro will be starting on mine three and four and be over $10 a share again IMO.
Im not sure why you would state Banro is going to .10 and trying to put your negativity on me by saying im going to lose it all or crash and burn? or saying gold is going to 900? Why would you buy tens of thousands of dollars in a company that you are going to lose .62 on the share on? why would want to lose over 23000.00 in your position? Why bring up debt when debt has already been financed and its operational cash flow that matters going forward not long term debt when you have TRILLIONS of dollars in hard assets to mine? Sounds to me like you are just mad that someone is buying more cheaper than you or maybe your just not a nice guy.
Oh well i only wish you the best. Maybe by the time you read this Banro will be back at .72 and you can get out clean.
Over 60,000 strong and long....
Will buy another 100,000 if they drop it again to the .40's EOM
Going to double down into my position tomorrow...
This should get me down to .609 and wait it out... Banro not trading on anything remotely related to normal. Institutions arent even looking at what they are selling they are just clearing the books of everything....so IMO this is the time when you can change your life and buy something that is super cheap like Banro or just about anything else if this stalemate continue in washington.
I will say this i would like to see them step on the gas a little.
Kinda put out some news early to take advantage of this current market. We arent getting the lift with Gold and its all just uncertainty and no info from banro..so if someone knows someone who has ears to hear....hint hint maybe coheres them with the proper urgency.
Go to Whale Wisdom .com you have to have a subscription to see the real time latest 13-f filing but you can see for Banro up to the end of june.... just as many buyers and the new positions were no more or less than those who cleared out their entire holdings... this is all a waiting game on Namoya beginning and Twangiza numbers being strong. Then institutions will feel confident to buy back in and up it goes.
Well im going to continue to buy regardless.
I think its way oversold. None of the good news they have given for 3rd and 4th quarter or 2014 for that matter have been considered its just been sold with everything else so... Banro is the future of gold mining. THey have the best deposits in the most underdeveloped market it the world. They have multiple contracts current and future and i feel with their business model of building up the community around them that they are building something bigger than gold mines. So i say sell if you must and curse folks while they are in the darkeness rather than light a candle but I like the company and i think most of the risk has been addressed with the pps being at all time lows.
So far Banro is getting Ignored ....
GDX is flying, Gold continues to make sessions highs, and with each day BAA comes closer to its new mine and a quarter where Twan will produce over or near 30,000 ounces of gold...yet no love today...so far.
Should see a pop today....
Jobs numbers are poor,obamacare opened to big numbers but just like everyone knew they are going to make it messy and incompetent as big government does with programs, tapering is not going to start in bernakes term and that should get BAA enough time to get namoya up and running and should see their total operational costs drop quarter on quarter back down to under $800 which would make them one of the cheapest cost gold miners in the business with the richest grade of gold going forward. Just waiting for the announcement.
AnyOne still around here? Calling Don or Ken?
Anyone still on here ....Wondering if this board is still active?
Im new but Not so New.....
I have been reading this board for weeks now thru lion.com and decided to rejoin investorshub so i could contribute.
I found this video on YouTube about banro. Nothing anyone on the board probably doesnt already know but i thought it was cool and it looks to be independant so here is the link.