Banro Corp. fka BAA

[coach tequila]

I would agree with that Fitz. A $20-25 drop in the price of gold below $1100 has resulted in more bearishness in gold than I recall in years. Long side Open Interest is under 50,000 total contracts I heard on CNBC. Everyone is on the wrong side of the boat IMO. Just because gold went below $1100 for a few days.

Per my earlier posts...I believe that Banro is profitable $.02-$.03 EPS selling gold at $1000 per oz. using the confirmed 2nd quarter production numbers of 44,850 ounces produced. Barring any one time charge offs etc.

Personally, I think the average BAA selling price in the second quarter is going to be more like $1125 so I am in for $.03-$.04 for the second quarter.

All my opinion. I have not sold any shares in BAA at all since my first purchase at this time last year.