I know this may not mean anything but....(isn't the institutional ownership update out today? I thought I read that somewhere?)
New Purchase: Banro Corporation (BAA)
Arnold Van Den Berg (Trades, Portfolio) initiated holdings in Banro Corporation. His purchase prices were between $0.42 and $0.895, with an estimated average price of $0.66. The impact to his portfolio due to this purchase was 0.02%. His holdings were 420,050 shares as of 12/31/2013
Supposedly he is a GURU....Tegrity should give him a call to warn him about 0.05 SP today
However, we believe that gold mining companies are trading as if the price of gold is currently $800 to $900 per ounce, which is approximately 28% to 36% lower than the closing price of gold on January 31, 2014, and well within our buy zone. Even if the price of gold continues to drop, we do not believe that these mining companies will decline much further given that their prices are already deeply discounted.
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