Banro Corp. fka BAA

[banrowaaoversold]

Lets say China (with their brand new Gold Exchange) decides to dump all that gold they have accumulated over the last 2 years onto the market soon.

We know china has set up companies for the sole purpose of buying up distressed gold mining properties. Now that they have an exchange, they can make rapid changes and react to the gold market more directly.

What would happen to Gold if the media starting telling everyone that China was dumping gold????

My guess, Gold 900 in a heartbeat. Buy why, so they can collect up a bunch of Distressed Assets.

What would happen to Banro stock price, if Gold started crashing (as an example, look at what oil prices have done).

Well first impact to Banro would be Asset estimates would start Dropping fast for Banro, Book value would plummet.

And aren't the NYSE Exemptions to their normal Listing possibly based on Banro's Assets???

As you can see, a diving Gold market, triggered by China simply starting a sell Program, and media hyping it, could easily create many questions regarding Banro.

Hence, my 45% cash position.

Cheers!