Oh, I agree that Banro is going to go up in price big time over the next couple of quarters. What I don't agree with is Adding a board member is going to be the cause of it. There is a process going on bringing BAA to profitability. It has taken two years and more to get Twangiza to be ready to operate near 100% capacity. While it insert-text-here take a little less on Namoya, due to the learning curve, it will still take time. Maybe Namoya ramps up to near 100$ around this time next year. You are predicting too much too fast. There is no way a company that will arrive on Monday will have a plan to the board, approved, and PR'ed in 5 days. I think it will take 5 days to get the team an office, settled, and then next Monday start meetings to discuss the issues. Some after that the team will begin working on the problems. Now that I voiced this, I don't even see a "plan" offered up at Earnings. BAA will say something about what is happening along with "we hope to have identified the planned modifications soon". Meanwhile, the price of the stock will be rebounding some, I mentioned .33-.45 mid august in an earlier post. Then over the following 90 days the price will move to the .70 range as the company shows profitability even with the slower production in Namoya. If the contractors offer up a definitive fix without it costing over the 20M, the price may go higher. (this is based on 1300 gold and head garde being consistent, and no problems with Twangiza. Thys is only a small part of this at best.
your view about institution holdings are exactly as mine. I also strongly believe that institutions will not buy if they don't think BAA will be above 10 someday.
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