Banro Corp. fka BAA

[baystock1]

I believe you are correct regarding GDXJ's $75 million market cap threshold. But I don't think they have the discretion to waive it. I would expect that there are hedge funds out there who understand perfectly well GDXJ's market cap rule and exactly when it will be triggered and have set up some HFT program to trigger a forced liquidation by GDXJ of all its 25 million shares in Banro by pushing the market cap down below this threshold. One of my former holdings was Gran Colombia gold and it use to be in the GDXJ until it got dropped and as I recall their position was literally liquidated in a matter of days, causing the share price to plummet.

I use to think Gran Colombia was the most undervalued gold producer in the world until I rediscovered Banro a couple of weeks ago. At which point I sold all my Gran Colombia and moved the proceeds into Banro. Now I am 100% in Banro and unfortunately am out of funds to buy more, except at the rate of 10,000 shares per month at these prices.