InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,480.54
(
0.90%
)
US TECH 100
19,442.40
(
1.43%
)
Dow Jones
38,788.94
(
0.52%
)
Brent Oil
83.49
(
1.66%
)
Bitcoin
66,920.09
(
0.42%
)
Post# of 63744
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

baystock1

Send PM Follow Ignore
Followers 9
Posts 385
Boards Moderated 0
Alias Born 07/23/2002

baystock1

Member Level

Re: investorwisdom post# 6079

Friday, 07/18/2014 1:19:16 AM

Friday, July 18, 2014 1:19:16 AM

Post# of 63744
It is ridiculous to compare Banro to Anglogold Ashanti.
There is no company called Ashanti anymore. Ashanti was bought by Anglogold when its hedge book blew up and it is now called Anglogold Ashanti. The Ashanti mine is only a piece of what is the 3rd or 4th largest gold producer in the world and whose mines are in South Africa, Mali, Ghana, Tanzania, DRC, Australia, etc.

Also a mining company's gold reserves in the ground are not valued at the spot price of gold, so they are not worth $13 billion. Not even close.

Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up