Sell all their gold....Not Hardly.
That would not be wise.
Sell enough to spook the gold market....Absolutely.
Particularly if they have large Government owned companies setup and ready to swallow up distressed mining companies when it happens.
Of course Banro Institutional Ownership prevents them from getting Banro, which is why I am still 55% in Banro for the long haul.
Reps from these Chinese companies have gone on record saying they are very interested in some of these mining companies, but they feel that the mining companies Assets estimates are too high.
(And how do you bring down their assets in a nice easy way).
Drop gold prices.
And when the Media starts covering the plunging gold prices, we will all look to Oil and what it did last year and go.......
UH OH.
Meanwhile, Banro drops....again, Banro's management plays kick the can with the "Deal" while share prices slide.....again.
And once the Banks have enough cheap shares of Banro, they finally announce the deal closing, whenever that ends up being.
Again, just wild crazy speculation on my part.
And more reasoning behind my 45% cash position on Banro at .22.
Cheers!