Replies to post #23687 on Banro Corp. fka BAA

[banrowaaoversold]

Funny, where are you getting 500 cash cost? On average they are nowhere near that low yet. If you plug in a more realistic number there like 650, now your all in is 1050. That's about 120 an ounce away. And gold is still dropping. (I'd say the next gold plunge is just getting started). What they have here is a house of cards, where banro will collapse without that stream deal closing. And if gold prices plunge, which they are doing today, so goes their assets, and their leverage, and possibly there listing. Of course, closing the deal would save them, but you have to wonder, how low will they let it drop, before the close the deal? If banks are accumulating shares, don't they benefit from falling prices?

[SilverRay]

You know there are 100s of financing professionals surrounding Banro. They all understand that stomping a flower which has been rooting underground for almost a decade and is about to spring up from the soil is as unproductive as smashing your new car with a hammer. Bankruptcy doesnt bring prosperity to any one of them. Successfull Banro does.

Banro is also not like the bankrupt US government and a black hole for capital. Banro do everything in their power to stay as lean and as financially healthy as they can. That means that the amount of capital required to become profitable is limited, not unlimited.

That banrooversmth has made his bed, but now he's uncomfortable sleeping in it, because he subconsciously knows Banro will explode higher, but he wants to rationalize his bad decisions and justify his deeds seeking moral support of his semi-exit on this board, but he won't get it here.

Banro has a Zacks rating of 2 (Buy). That's what people should be doing, if they haven't done it yet.