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But if there is no deal, we will have to wait longer for the high gains.
I am not optimistic, that we will see higher prices than this week until news.
What most forget is, that there are lots of other cheap gold stocks out there which arent this "risky" as Banro.
But in the longer time frame, we can make much more profit with Banro.
I hope the deal wont be delayed due to the higher pog.
I think the chance is very high, that Banro now wants a better deal.
Hope it doesnt end like the deal with Gold Holding last year.
Thanks for this informative respond!
What are the terms of this "listed requirement deadline at March 29"?
Can the deal be announced on monday, when there is holiday in the usa and canada?
When do you think it will be announced?
There is enough time left until the market closes, hope it doesn't go down again :(
I bought in again the past days, not as many shares as i once held, but enough for the moment.
I think the bear market in gold is over now.
Added today :)
Banro is a great opportunity for the future.
Hope the Comex is blown up soon.
This is a good time to add today.
Thanks for that information.
Are any experts here, who know why JPM and Citigroup built up such high positions in the commodity and precious metals market?
http://www.zerohedge.com/news/2015-07-04/why-did-citigroups-precious-metals-derivative-exposure-just-soar-1260
I wonder about it since days.
Is it good or bad?
Are they long or short?
What would have happened, if they didn't do this in Q1?
My thought is, that commodities must extremely rise or extremely fall the rest of the year.
Like Tronica said: "people are not trading because they are smarter than that - this is a buy and hold but like any stock you can trade it and think you're smarter than everyone else if you want!"
If you were smart, you would "trade" Forex and put your earnings here for long term.
This isn't a stock for trading, it's a long term investment.
Nobody here want's to hear, how much money you made with your trades, like nobody want's to hear from keyotee.
This is more important:
http://mobile.reuters.com/article/idUSL3N0ZA24820150624?irpc=932
A dark pool is a secret platform, where banks deal with each other and bypass the stock exchange.
You all need patience. I am in since last year and when i look at the logarythmic chart, i see, that we have already made a huuuuge step up from my average price. Hard work had been done to go from 0,13 to 0,35 and from now, the gains will become bigger and bigger. We just have to wait for the reports.
Great, i love insiderbuying!
Remembers me of january, you know what happened with the price afterwards.
I am confident we will see 1$ this year.
Really great news!
Thanks, that's a must read.
Somebody big pressing the buy button, amazing to see that live.
Like a wale eating those small plankton.
I am sorry, that you sold, maybe you can reenter at 0,32, but i believe not. This is sich huuuuge undervalued, that anybody who sells at 0,26 now, would be completely stupid ;)
I made about the same calculation months ago, to show how huge undervalued Banro is ;)
The future is bright, Banro is a quality company, they are doing things right in the Congo!
Let's make some money!
Go Banro.
This guy keyotee is nerving, he is here since month and posts nonsense.
He tries to scare people and pretends to know more than others do.
His predictions never arrived.
He is here since months, but nonbody knows why and what he is doing.
1m shares, that are 250.000$.
I have only 30.000$ invested, but i plan to reach 1m$ with Banro in a few years.
I am in since months, read every post here, spent a lot of time for dd and absolutely believe in this company.
I think the chances are incredible high that i make a lot of money here with my investment over the coming months and years.
I predict 0,03 too.
5$ is fair value with a POG of 1400$ and 250.000 oz production imo.
I think the fair value is 1,50$ with POG 1200$, but nobody knows.
I expect higher gold prices for the next years and banro will be a multi multi multi bagger.
Banro will go up just like it went down.
We will have a new record production every coming quarter, AISC are low and will get lower, the eps will get higher and higher...
The fair value is above 1,50$ and i am not going to sell under 1$.
Got an e-mail from Banro, deal closed.
You basher better came when Banro was really in trouble last year.
Now, since they nearly solved all of their problems and are on the way to fair value, we don't need you to show up.
Leave, go home, bye!
News will come, no question for me.
Until they come we have to wait.
During waiting price falls.
When PR comes, price rises.
Nearly no difference at the end.
This is a quality company trading for a few cents.
They had several problems in the past but managed to fix everything, will double production 2015, secured financing,...
This is a quality company in my eyes.
Book value 1,95$!
Maybe true :)
I hope we all make a lot of money in the next few weeks and months.
Banro is worth more than 1,50$ per share easily.
I made several calculations and compared to a lot of other miners.
If they produce 200.000 ounces 2015, for every 1260 shares you own, one ounce is produced.
That means you only have to spend 270$ for one ounce of production.
Combine that with low AISC, a lot of property especially in terms of proven & probable ounces and secured financing, this is a multi multi multi bagger easily.
Most other miners make loss, have high AISC, less production, less proven and probable ounces and a lot of debt, but are 700% more expensive.
I believe we will reach fair value some time in the future, if people are smart, then sooner than later.
Small accumulation of blocks of around 200 every minute. I first realized this a few weeks before. Somebody is accumulating big imo.
The deal is through, i have no doubt.
https://www.facebook.com/nobrauch
This is the profile of robert l. Rauch, a portofolio manager of gramercy. He posted a contribution about a mine site he visited with some of his colleagues last week (14.04.15).
That is definately Banro, although he doesnt mention the name. He looks pretty confident. I have no doubt everything is fine and we will see the money this or at least next week. They "reviewed the ramp up in production there".
Everyone has so much shares here, i only have 143.000 @ 0,164.
Nothing can stop the deal with gramercy, i have no doubt. When Banro has received the last 80m, i can see nothing holding down the pps anymore. All we need then is to wait, the future is bright.
I have the feeling that we wont hear about the financing today or tomorrow. That's my experience with this company. But i hope i am wrong.
Again no reason why i should sell.
I think tomorrow is going to be a good day for Banro.
The eps will be good in my opinion, i have calculated them many times and think they are 0,04.
There will again be a record production and Banro will produce 200.000 oz in 2015.
I dont care about Gramercy selling a few of their shares as long as they dont sell all of their shares and dont hand over the other 80m.
If they would know, something bad is going to happen with Banro, they would not have handed over the 20m and wont hand over the other 80m.
2m shares for about 400-500k is nothing in relation to the 20m.
There was huge insider buying in january, so i am not concerned if the earnings are going to be bad or any bad news are comming.
I invest in banro since a few months and compared with a lot of other miners.
The reason i invest in baro is, that banro is dirt cheap in relation to other miners.
They could report eps of about (0,10) and were still cheap at this share price.
With this POG i want 1,50-2$ for every of my banro shares.
I guess not.
Only if price of gold falls, there is a possibility.