Told you guys. I dumped every share at .365 because I knew gold was about to tank. Connecting the dots, i figure the NYSE listing is based somehow on Assets, which will tank if gold tanks. Once gold drops below 1100, this board will slowly start talking about asset readjustments, probably get blind-sided by a delisting warning from nyse. This will be followed by reverse split discussions.
Good luck! I hope I'm wrong for the sake of the longs here, who have already been through hell. Just too scary for me.
Cheers!

Please read my post below and comment.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=114731557

Okay, 1195 is the average gold price for Q2 so far.

There are 8 business days left.

So for Q2, assuming only business days are considered....

Thats 57 weighted days at 1195 and 8 days left.

((57x(1195) + 8X) / 65) = 1200

So what do the last 8 days have to average to give you 1200 for Q2?

Based on my calculations....1235.

Umm, if the last 8 business days of June don't average out to 1235, ummm does this mean Banro can't use 1200 for Q2 determination of Balance sheet and Assets?

Things that make you go... HMMMMMMMMMM

One last point.....

Has anyone on this board taken the time to calculate the average gold price for Q2?

Is it above 1200 per ounce?

If it's not, what price does Banro have to use for their books?

Just curious.

Cheers!

Well boys. I'm out.

Been a good ride, found a better value to jump into today.

Hope they don't tank the Crap out of Gold (like I know they are about to.....shhh)

My concerns that led me to move into another investment.....

Simple, Do you ever wonder why Banro is even still listed on the NYSE with a stock price of below 1.00?

If you read the annual report, it explains that the NYSE makes exceptions for Banro but does not explicitely say what those exceptions are based upon in order to retain it's listing.

Well, lets say ( with it's new shanghai exchange) decides to tank gold so that it's China gold can pressure gold mines into selling cheap. if gold drops below 1200 (the number Banro uses to base their balance sheet on, oh and their assets) and suddenly you wake up 2 weeks from now and gold is say....950 per ounce, Banro will then have to base their balance sheets and assets on 900 per ounce gold.

What if the "new" numbers don't meet the exception rules for the NYSE listing then?

Ruh roh!! Now the BOD will have justification to Reverse split the stock, to get price back of 1.00, Im guessing 10 to 1 is about right.

It would also allow them to sell warrants (further diluting the stock) after the reverse split.

Yadda yadda, just too much dependance on Gold price here for my to feel good.

However boys, I'll keep it on my watch list, and if she dives way down again, I might pick her up again.

Cheers!!

Mmmm Rainbow Skittles and BAA shares, my 2 fav things.

Just enjoying the ride up.

Appreciate the informative posts.

This truly is the best stock board I've ever seen.

Keep em coming!

I have lots of Friends all over the world.

Some control the Fed.
Some control Gold prices.
Some work in African mines.
Some know inside information about lots of things.
Some are scientists, and doctors.

I like my friends.

The control the world, and whisper things to me over the phone.

I'm very smart. I sold some of my banro at .23 and bought Banro back at .32.

Glad I did!

Cheers!

Thanks for the welcome back.

I never really left, but could see my fears of baa going down were not appreciated very much!

Wow, nice gap up. Been looking for that!

It's good to be fully back in!

Cheers!

I'm back baby!!!!!!

Ok, ok, i was wrong about the plunge!!!

threw my other half of capital back in today (unfortunately after overnight gap up).

But hey, I needed confirmation.

Wow, what a day.

Good luck to all longs!!

Woooo hooooo!

The setup is almost complete.

Get ready Banro longs, gold crash is a coming!

Just my opinion of course. What do I know!

Timber!!!!!!! Too soon? Sorry.

Gold 24 bucks above 1150.

4th test coming.

Cash is king....sometimes.

Waiting for news that China dumping gold.

Tick tock

Happy holding over the weekend.

Cheers!

Prediction: gold 1085 within 2 wks.

Gotta hand it to you guys, the way you are pumping this is admirable.

Just remember, a sudden gold plunge below 5 yr support line of 1050 affects assets, revenue, profits, cash burn, and possibly the NYSE listing.

Funny how no one on this board wants to discuss bow their NYSE listing exception might be affected by a gold plunge.

They sure are leaving banro's door wide open to buy in the 20's.

Awfully nice of them eh?

50% out, investing elsewhere until I can accumilate here below 10 cents.

Cherio

Stop. Wait. Don't. Warning.

Man, I feel like willy wonka beside the chocolate river.

You kids keep leaning over the side, drinking the chocolate.

Gold fell another 10 bucks this morning.

Just saying. (Just my opinion)

Cheers

Okay guys, Banro is up .0015 currently at .2378

Are ya sure this is big news?

Who is shorting all of this buying?

Gold has dropped 20 bucks an ounce for no particular reason today.

And sits just above it's support.

Seven

Seven

Seven Cents

Only then will Banro rise from the ashes, my guess ahead of Gold actually bottoming. Helps to flush out the non-believers.

Do you really think the banks would allow every trader from here to China jump in this trade and ride Banro up from this News event that Banro borrowed some money?

Why would banks want to supply shares in 20's if it's such a good deal and banro's heading straight up?

Answer: They would not.

Good luck, I think I'm done for today.

Cheers!

(All just my unimportant opinion)

I'm now 55% cash, 45% Banro.

Good luck everyone!

Cheers!

I might post my total after I buy back my Banro shares sub 10 cents.

With that purchase, you will be impressed with my position.

It will be significantly large than any I've seen posted on here to date.

Cheers!

The fact Banro is not currently at 50 cents with this news, is evidence to what I'm predicting.

Gold is going to take out 1150 next week (my opinion) and Banro will stay in mid 20's as more adn more traders jump in.

Gramercy options at .27, i'm sure they will sell some more blocks to let the steam off this news event.

Then, gold opens at sub 1100, and Wallah, Banro back in the teens.

Then Down we go.

If this move was real, they would have release the news pre market, and we would be trading near 50 cents right now.

TRADER WHIPSAW.

Careful people, IMHO, Market makers are shorting your buys.

If I'm wrong Im still 55% happy, but I still think I'm right.

Cheers!

Okay....recalculating.....

Not a big deal....

Just means stock won't gap up on this closing.

So here's what I expect, stock stays in mid 20's, and gold crashes.

Either way, Banro still trades down to .07.

Guess it will be different news that causes gap up.

Like opening mines #3 and #4 (which are along the highway) and essentially turn key properties that will use Namoyas and Twangiza's processing facilities.

Notice the stock isn't really moving much?

Keep watching gold, gold is gonna tank next week, and when gold takes out 1150 and heads lower, Banro will trap traders in this giant ass Whip saw.

Nothing changes with my prediction except the fact that this news came out and will prove irrelevant. moneys already spent.

The Gap up news will be some unexpected positive news.

But hey, don't want to pee on traders cheerios right now.

Enjoy while it lasts!

Cheers!

Spin how you like, just trying to help.

I think I know what's coming next, and sorry if my opinion flys in the face of the pumping on this board, but if a few out there connect the same dots, they might profit from it like me.

if Banro drops like I'm expecting prior to the closing of the deal, it's a huge opportunity to have cash at this level.

Guess we will see If I'm right.

I like my chances here.

Cheers!

"Enjoy" No, I'm in 55% still right?

I won't enjoy the drop, but I do plan to take advantage of it!

Cheers!

double snouter is ribbing me on "integrity" funny.

Gold is plunging, as i said, regardless of the reason.

I was looking for a trigger, for this week which is why i mentioned interest rates, but bottom line, they are plunging gold to sub 1000, and it will happen fast.

Banro will tank to .07 ish, followed by gap up.

You will start to see my points after we all hear the "unexepected delay" of the gold stream deal.

All just my predictions, just my opinion.

Think nothing of it.

Cheers!

Watch for interest rate increase tomorrow.

Gold might just be plunging tomorrow.

It might head down and take out 1150 support tomorrow.

If Banro delays their news later this week for the Streaming deal, the

combination of the delay and plunging gold prices might put pressure on Banro's stock.

You never know.

Cheers!

Man, when banro gets dumped by the market makers, its going to be brutal. You will hear the shrieks of traders running for the exits like rats on a sinking ship.
Does gold begin its plunge tomorrow?
Jmho, but I think yes......

Gold is heading to 900's Banro sub 10 cents.

Period!!

Deal with it!!

Okay, just my opinion but I'm 98% sure.

Cheers!

Well boys.....still 45% cash.

Tick Tock Tick Tock......

Where is this "deal"?

They can't put a date on it? Yeah that's tough.

Dates can be powerful hard to come by.

Cheers!

Oh man, but wait, if the fed meeting is on wednesday, and gold plunges on Wednesday and thursday, could gold drop below 1100 by Friday, and be used as the excuse to delay the closing?

Bum bum baaaaaaaaaaaaaaaaaah!!!!!!!!!!!!!!!!!!!!!

Man, if this proves true, you could not write it any better!

Cheers!

Another peice to the puzzle........\

So I'm thinking, Banro should have to announce something by end of next week, since it would be end of april, and they did say middle of april for the closing, so not telling us something would be rude by end of april.

Following my theory, what they will announce will not be good news. (I'm guessing a delay of some sort)

So if that were true they would most likely time this Banro sell off with the sell off in gold.

So I was thinking, what could possibily spark a selloff in Gold that would drop it below the 1150 mark and justify the next downward leg for gold.

And timing wise, is would probably coincide with Banro's selloff back down to single digits.

Is there anything next week that could justify a plunge in gold and a start to the next downward leg??

Booooooooom....The Fed (I bet they announce interest rate hikes next week)

Exciting times!

Let me clear the air on my position......


55% Banro shares represent my certainty based on my own personal analysis that I will make large long term gains on Banro. These shares were purchased between .25 and .56 with a dcn of roughly 40 cents.

45% cash was from selling shares purchased between .12 and .19 at .22.

The decision to sell this portion was based on concern of a setup that I am predicting by MarketMakers of Banro to push banro down below 10 cents to the single digits, prior to allowing a gap up event.

I am quite certain I will make money on Banro on my 55% position and have no problems holding it through any further bottoming process that may be in store.

However, the 45% cash I now have will provide substancial powder to take advantage of the bottoming Banro, in the event my fears are realized.

The more dots I connected, the more concerned I became, and hence, decided to share my concerns with the board.

There is an awful lot of convergence with this theory of mine, and it involved things like, a deal that did not close as expected, gold plunging, etc etc.

Well, looking around, the stock is still below my .22 (which helps with my anxiety for the weekend), the deal has NOT been announced, and gold has fallen from 1195 to 1177.

Sure I could be wrong on this one, and if so, I will have to be content with my 55% banro as it runs up into the sky of profits.

Then I will take my cash and move it somewhere else.

But if I'm right, man, I may have just doubled the size of my position. (assuming I buy back at .07)

Now as part of this scenario, if they do bring Banro down, I am still predicting they close the deal, just later than anyone expects, and when they finally do, I could see a jump from .07 to .35 in a day.

Ba ba ba Boooooom

Okay, back to reality. So although my thinking might seem strange, I like what Im doing here.

Best Case: Banro comes down, I double my positon, Banro takes off.
Worst Case: Banro Takes off with 55% of my investment accounts.
I Invest cash in another great investment.

Now I have 2 really good scenarios....not too shabby.

Cheers!

You guys might just go take a look at a fold chart near by, and see what might be about unfold.

1150 is a critical level for gold, and its 27 dollars away.

If it breaks through on this third retest (yes, its tested twice before) its a free fall to 1000.

That would put the squeeze on gold mining companies. And benefit countriea like China that want to buy up defunct mining companies that are finally killed off.

China wants to buy up some mines, has its own gold exchange, and has plenty of gold to sell.

Thats a serious incentive to help the gold market take a big dump.

Sure banro can't be touched, as long as this deal closes.

Cheers

I'm not a smart man. But like my momma always said, stupid is as stupid does.
Gold is rapidly approaching the 1150 level again. If it breaks through, the next support for gold is 1000.

How will banro's financials look using 1000 per ounce instead of 1200 they used in the last quarter?

Meh, what's another 200 am ounce loss per ounce in profits, no biggie. Who cares about a massive decline in revenues, so what.

The deals closing right? Right?
.......crickets.

Sure this is just my opinion of whats about to come, and I still have 55% of my shares for long term gain lockin for 2016.

But gold just dropped to 1177 today.
Dollar is rallying.
They have not closed the deal.

What if I'm right?

Cheers!

Gold dropped to 1177.
Banro has not closed the deal.
Monday is coming.
Do you know where your cash is?

45% of mine is ready to go.
Come on banro!!! Bring on that unexpected delay annoumcent. I'm tired of arguing with your baker cronies.

I want my banro shares at 7 cents each. Before any possible delisting if possible.

(All just my humble opinions here of course). No way I can compete with the superiority complex laiden mining financial experts on this board trying oh so hard to bring the traders in before they rip the carpet out.

But hey, I'm just a loan horse investor, with my own opinion.

Cheers!

Sorry, my point was that we can not assume strip ratios to continue to decrease since they are heavily affected by orw selection, and willost likely I crease with the life of mine.

And finance cost along with aisc is the number you really want to focus on, which is 1000-1050 over both mines.

With 1000000 in cash and no deal announced, and a bog drop in gold (in my opinion under way) things don't look so rosey.

My prediction, deal gets delayed, gold drops below 1100 fast heading for 900's, (uh oh, that would be the end of banros profits) and then we have that hairy issue no one wants to mention on this board of banros NYSE listing. If banros assets (and book value) drop by 30%, will they still qualify for their NYSE listing exception?

When I throw all this together, essentially if say....china starts dumping gold for example, and the bottom drops out, how close would the banks let banro drift toward insolvency before they closed the deal. If Gramercy say had a feeling gold was going to drop, might it make sense to delay closing (while gold plunged) to negotiate a better deal with banro, knowing the company had to close the deal?

Just saying. Sometimes cash is king.

Funny how you harp on raw cash costs, like they have an real meaning in Banro's situation.

throwing out the AISC and interest cost in your argument shows your intent, along with casually ignoring my questions regarding whether the nyse listing being tied to assets which are tied to gold price is a serious thing to consider as an investor.

And regarding your strip ratios, don't you think they cherry pick the best known ore in their initial mining?

Don't you fully expect those strip ratios to drop over time?

But seriously, why completely ignore my questions, if you really want to chat?

You can "Taylor" your own personal numbers there to try to make a point if you want, but I'll go with these numbers....

•Production increase by 19% to 98,184 ounces of gold in 2014 (82,591 ounces in 2013); 29,445 ounces in Q4 2014 (22,858 ounces in Q4 2013)
•In 2014, 101,225 ounces of gold were sold at an average price of $1,239 (80,497 ounces of gold were sold at an average price of $1,389 per ounce in 2013)
•2014 cash costs per ounce at Twangiza decreased 18% to $683 per ounce from $836 per ounce in 2013. AISC of $781 per ounce for full year 2014
•Cash costs for Q4 were $592 per ounce as the Twangiza plant delivered 91% of steady state ounce production over a stabilized cost structure. The second half of 2014 cash cost of $605 per ounce showed strong evidence of consistent financial performance.

Now since you seem to think you are good with numbers, why don't you average out those AISC numbers and throw in interest on debt.

And then while you are at it, why don't you answer my question about NYSE listing requirements being tied to Assets that are directly affected by the price of Gold.

500 an ounce? sheesh!

Funny, where are you getting 500 cash cost? On average they are nowhere near that low yet. If you plug in a more realistic number there like 650, now your all in is 1050. That's about 120 an ounce away. And gold is still dropping. (I'd say the next gold plunge is just getting started). What they have here is a house of cards, where banro will collapse without that stream deal closing. And if gold prices plunge, which they are doing today, so goes their assets, and their leverage, and possibly there listing. Of course, closing the deal would save them, but you have to wonder, how low will they let it drop, before the close the deal? If banks are accumulating shares, don't they benefit from falling prices?

Cash costs don't include finance expense and you know that.

Why try to overstate banros position by harping on cash cost?

And if we are chatting, why not address my questions about their mysterious listing agreement with the NYSE?

Seems like your chat is an attempt to pump, rather than communicate.

And you guys say I'm the idiot????

Listen to you!

Last week, last Friday, Monday, this week, Friday, now next week.

And you say I'm the crazy one.

Meanwhile, gold is sliding down down down.

Ha ha, so freakin obvious what's up here.

How come non of you Aliases bring up the listing exceptions that I keep talking about, and the impact on Asset to Debt rations in maintaining the listing?

Nobody wants to chat about this? Whether Banro can keep it's listing if gold drops 300 per ounce?

How come?

I never said the deal would fall through.. your words, not mine.

I think they can delay it. and delay it, and delay it.

If gold is in free fall (which I now officially think it is)

Lots of Banro-related things might be affected.

How is the Gold stream deal affected if gold plunges?

Is Banros NYSE amex listing affected by drop in assets if gold plunges?

If gold plunges before deal is close, what happens to banro's stock price?

I agree Banro is undervalued long term, but short term they just announces that they only keep a 1,000,000 cash cushion!

They also implied mid april (which based on my calculations) is around April 15th. Isn't it now April 24th?

My 45% cash assures I can take advantage of any plunge in gold and plunge in Banro prices before this closing is finally announced.

What is your problem with that?