If BAA goes down to $0.05 my blind optimism will result in an 80% haircut from some of my purchases. Have I been duped to believe in a mining operation in the beautiful continent of Africa that does not exist, nor is producing, nor has financing to move forward?
So, if I’m not completely duped, and there really is a Canadian mining operation with properties in the DR Congo, and in fact the people of DR Congo work and run the business and actions of the mine, and the business with its local presence participates, shares and helps build its community as claimed, and the operations of the mining business do produce gold now, and with its properties and its current mines does have and will continue to have profitable production, and with the business’s continued investment efforts and in time it continues to produce and explore and development even more, and if the company is not leading-on its investors and investment community in bad faith about financing (which current delays of which without communication make people wonder) then my investment to purchase a portion of the Banro company has been and continues to be a good one, of what is resultingly a highly undervalued (per share price) working operating, growing (and yes, profitable) company.
Yet if I have been duped by the masked intent of others to mislead, then we’ll see, and flying over to Canada to engage with management may be obligatory.
Mainly a $0.05 per share price of BAA, as it currently seems, would be a 'gift' to invest yet another $10K.
But if the dupe is on, meaning there is intentional manipulation to de-couple the Banro BAA share price from the actual value and actual producing operations of the Banro company, then $0.05 will be a rip off, as the share price may and likely only continue to drop from there, as intent of manipulators will be (if not just will have been) simply to ride people into giving away their money when they eventually sell in fear and disgust.
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