How much of the current price was due to the debt-repayment issues and the threat of BK? The other issues have been political instability in Kinshasha (the DRC is also a Banro partner) and a sagging price for gold. Resolve these issues and we're back in the .30's and .40's, if not much higher, it seems to me. Yes, people will likely take profits going back up. Price can be as much a matter of sentiment and expectation as value (as BAA's low book-value ratio, even with dilution, shows).
Gold mining is a capital-intensive business. Until longer-term profitability is achieved, dilution is inevitable, one way or another, it seems to me.