Replies to post #23705 on Banro Corp. fka BAA

[jb128]

You make it sound as if everyone is in with a .20 avg! A lot have been in this for years at much higher levels, so what's another .10 drop??

[Libertarian74]

I say you're bluffing. I say you played it wrong and now you're trying to rationalise. The deal is binding, as you will soon discover. Greece, the new Lehman is days away from default now. What do you suppose those Greeks are going to be buying when they exit the Euro. Drachma. Lol. No way. Gold. Greece will set off a chain reaction in Europe and around the world, hence its new Lehman sobriquet. US economic news moves from bad to worse every week now, while the stock market rises - pure bubble mania, just a matter of time now before the inevitable. Australia, Brazil, China - all in a tailspin already. As the stock markets roll over one by one, where do suppose the smart money is moving? You guessed it. The previous poster was right - you are behind the curve .

[Congo Mining]

Seriously....

If BAA shares get to 0.07 that means that everything has changed drastically and a total re-evaluation of the facts would be needed.

It is an illogical comment.

Plus if you still have 55% of your BAA shares why would you like to see that..
BAA @0.07 means it's on it's way to 0.01 in restructuring.

There's nothing wrong with taking profits I'm not one of the guys busting on you for that. And you're just having fun playing the Bear...I know.

But as you know this is ulta high risk - ultra high reward.
you're not sticking around for the reward part.

[Phatlander]

Personally I don't care what anyone else says about your strategy of having 45% in cash sitting on the side awaiting news. I like it.
This way, once the big news pops, you have plenty on the side to slap the Hades out of the ask and keep others waiting until the last minute to buy in out of the initial low hanging fruit, and might I say furiously chasing as well.
According to my calculations, if you are still holding 10-15 million ("I Am Banro"), the ask slapping you can provide could run this to three or four dollars a share, making you quickly worth a cool $30-60 million...all without waiting for the price of gold to rise, or the third and fourth mines to begin commercial production.
Hopefully Gramercy is below the 20% threshold to maintain their vote now, and I think they are, otherwise they could throw a wrench in your plan. But I really like the idea of you chasing up the ask a lot. Give her all you've got! Kudos.