InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,127.79
(
1.26%
)
US TECH 100
17,446.00
(
2.17%
)
Dow Jones
38,675.68
(
1.18%
)
Brent Oil
82.77
(
0.00%
)
Bitcoin
63,182.93
(
0.47%
)
Post# of 63744
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (4) Keep Next 10 Report Keyboard Shortcuts
Replies (4) Next 10 Prev Next

baystock1

Send PM Follow Ignore
Followers 9
Posts 385
Boards Moderated 0
Alias Born 07/23/2002

baystock1

Member Level

Re: None

Friday, 02/10/2017 12:46:42 PM

Friday, February 10, 2017 12:46:42 PM

Post# of 63744
Sold out all my Banro. I was expecting some dilution but the recent dilution was more than I could stomach. I will not be coming back into it unless I can get in below the price of the big guys ( ie. 10 cents).

I have moved most of the Banro proceeds into Gran Colombia which is the leading gold producer in Colombia with 110 million market cap fully diluted if all the convertible debt is converted at which point it will be debt free. It is producing 150K oz/yr annualized from their high grade underground mine in Segovia. They also have a top 20 largest undeveloped gold deposit at Marmato with 15 million+ oz.

Gran Colombia is where I had my funds in before I sold it to buy Banro in July 2014.
Public Reply Private Reply New Post
Keep Last Read
Replies (4) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (4) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up