Banro Corp. fka BAA

[Techamental Logic]

BAA is being dinged due to dividends today. I've been accumulating since December after taking an initial hit last summer and then successfully flipping BAA twice.

I like BAA because while they have diluted they haven't diluted so much that double production would result in the current PPS.

I have many blocks of shares from .42 up to .64. It looks like the dividends hit is over. Lately I have been putting $500 a week into BAA no matter where it is at.

There have been many estimates on this board and I like them all. One thing I love about the Q4 numbers (now on Banro's site) is that Recovery is back up to 84.4 and the Head Grade is now at 3.15 which I believe is a record.

Gold production only rose about 10% in Q4 but the 2nd carbon kiln and the second elution circuit should be finished already. That will allow 140,000 tons a month to be processed...with improved gold recoveries.

I believe Banro will have very good Q1 production results and FANTASTIC Q2 results. Gold production will more than double due to the increase in recovery because of the upgrades. The higher head grade is exciting and my price target for 2014 is between $5-7 based on $1,300 gold.

Should gold rise and Banro hit a couple true mother lodes then $10 is possible.

What I like most about Banro is they are conservative in a way that reminds me of Microsoft. They are doing their accounting in a non-pump fashion. They are taking these upgrade charges as they occur and not using accounting tricks to push them off to other quarters.

I'm looking forward to an enjoyable year of watching Banro grow up from a toddler to a grade-schooler. Next year it'll hit is teens and by mid-2016 I expect it to be a major player.

TL