Man that's how this game works IMO. Big money buys at the bottom and sells at the top. Look at a 5 year chart, this is the time they are loading up. I mean look at the volume since we went under $1.
Look at the institutional ownership. BAA is going to be back over $4 eventually, like a couple years.
Just some major consolidation. I think she's headed up soon.
I think Banro suffers from a lack of awareness. With demand the L2 sits empty aside from computers and day traders. This may change soon. The new Business Excellence magazine is out. Checkout page 142!
I think the only non-public information Gramercy should hold is their intentions with their 20% ownership of Banro. Like the financiers on the conference call they probably had access to Banro's ledger and know the bills that Banro has upcoming. Since they are buying every day those account payables can't be nearly as serious as BMO and GMP made them out to be.
It really was an interesting call for as boring as it sounded. The financiers were wanting to hear that Banro would need to borrow more and Banro wasn't willing to give any indication if they would or how much.
I'm interested in seeing what effect weather had on Q1 production and whether or not Banro will indeed need to borrow. The CFO also stated that they are in frequent contact with the DRC banks and could quickly make arrangements. I think if they were in danger of missing a payment or something was the point of that exchange. It was one of the last few questions asked.
Time will tell. For a junior minor at 50 cents a share Banro is as acceptable risk for me to have invested what I have so far.
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