My take on the price and potential take over is this
In the Congo - Risky
Congo Tax Royalties - (Im assuming not 100% finalized) Risky
Gold Price Volatility - Risky
With all these risk it does hinder alot of major investors to jump head first into a junior gold miner (OR RECOMMEND TO THEIR CLIENTS), but in this case some do.
AS for Bancrupty...there is always a chance but hoping this is unlikely for Banro, someone on the Board (other than tegrity) please correct me if I'm wrong, but doesn't most Junior Gold Minors go bankrupt by burning through cash before the first actual mine infastructure is built.
In BAA case we have two mines now built AND PRODUCING (and producing pretty well to the estimated plan, no small patatoes), again correct me if I'm wrong but isn't it the "GOAL" of most "JUNIOR" gold miners to be "TAKEN OVER"?. AS per the other guys DD on this board, it looks as though BAA would be a risky but very ideal target in terms of a takeover.
Anyways good luck to everyone, I'm long and strong BAA
