Banro Corp. fka BAA

[baystock1]

Yes I am, but not enough to sell out. I am not a good trader and I want to be fully invested in quality junior gold stocks when gold takes out its previous highs and crosses over $2000, which I think will happen within 12 months timeframe. If I was to sell Banro I would be compelled to immediately buy some other gold stock. But IMO Banro is right now the most undervalued gold stock on the planet. It is priced as if it is in imminent danger of going bankrupt, which I don't think is a risk in the short term. In the intermediate term a rising gold price will bail it out.

Gran Colombia was all doom and gloom when it dropped to 80 cents in december 2013 after it did a 25 for 1 RS, followed by getting dropped from the GDXJ, and to top it off announcing in nov 2013 that it needed to do a significant financing to stay afloat.
Then junior gold stocks started a powerfull rally right out of the gate at the start of Jan 2014 and management lent the company $4 million as a bridge loan until financing closed. In the end the company successfully refinanced at around $1.90, which was more than double the 2013 closing share price:
http://stockcharts.com/freecharts/gallery.html?gcm.TO


I am hopeful that a rising gold price will also allow Banro to refinance with less dilution than the market is currently fearing. Bottom line, I feel I made a favorable switch from the 2nd most undervalued gold stock to the most undervalued gold stock in the world that is available to North American investors like me:
http://stockcharts.com/freecharts/gallery.html?gcm.TO:baa