Replies to post #40336 on Banro Corp. fka BAA

[keyotee]

I did not say I would buy there, I did say it depends on the pog and the direction, momentum and velocity of the move. Until there is a demand reversal in gold, there is no need to own a miner. Where is the bottom. $985.00 maybe!

[baystock1]

Thanks for that Silveristhenewgold. After you pointed this out I did some research and came to better appreciate the significance of gross earnings:
http://www.investopedia.com/articles/investing/062113/understanding-profit-metrics-gross-operating-and-net-profits.asp

As can be seen by the languishing share price, it looks like only the more sophisticated investor types understand this company profit metric. I for one am glad, as should all long term investors also be, that the company took the net income hit now rather than later as it gets this out of the way prior to the earnings shooting up once Namoya comes online. Namoya should in time (after it hits peak efficiency) effectively double the gross earnings from what is already an impressive level from just Twangiza alone. Also as an additional bonus we managed to get rid of the parasitic short term trader types and so longer term investors can continue to accumulate at even cheaper prices.

If it wasn't for them devaluing their assets last Earnings Report they would have posted .06 net profits per share. What would the price be right now if they did that .50? Maybe .70?