Replies to post #58835 on Banro Corp. fka BAA

[Congo Mining]

Well, I remember in 2015 when they got the deal.

I was holding before the deal. After the deal the stock popped and then retraced to the same price.

This happened several times over the past two years.

Why should I hold all that risk when something has to happen within the next 45 days.

It could just pop and retrace.
Then I will not have held all that risk at a very vulnerable time.

I sold half my BAA at 0.19 and bought EGO and Nog at 2.70 & 2.35 respectively. They are both up over 30%...BAA dipped and then went back up to 0.19.

I sold the rest of my BAA and bought KGC and AUY, Very solid major miners that are under valued.

Why hold all that risk with tens of thousands of dollars for the next 45 days when the production report was really bad.

You have to keep in mind I'm responsible for 7 people...I've got five kids. So I have broader responsibilities too.

Even taking that out of the equation though.
I see a few negative signals here.
And you know I've studied a lot of distressed companies.
So I think I'll just wait and see when I will buy back in.
Perhaps it will be too late and I'll miss it.

Most likely I will be back.