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Re: Libertarian_Statist post# 23687

Friday, 04/24/2015 3:04:19 PM

Friday, April 24, 2015 3:04:19 PM

Post# of 63744
Funny, where are you getting 500 cash cost? On average they are nowhere near that low yet. If you plug in a more realistic number there like 650, now your all in is 1050. That's about 120 an ounce away. And gold is still dropping. (I'd say the next gold plunge is just getting started). What they have here is a house of cards, where banro will collapse without that stream deal closing. And if gold prices plunge, which they are doing today, so goes their assets, and their leverage, and possibly there listing. Of course, closing the deal would save them, but you have to wonder, how low will they let it drop, before the close the deal? If banks are accumulating shares, don't they benefit from falling prices?

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