Posted On: 05/01/2015 7:14:40 AM
Post# of 29744
BAA
Banro (BAA) has been setting up since around 4/21 the day I grabbed 345 shares at .2059. It's been a slow but positive crawl. However, the news of the new financing yesterday was huge, coupled with their statement that this makes them fully funded and will meet their projections. Based on what I'm hearing they have reasonable O/S of about 252 million or so, hold 11 million ounces of reserve gold currently, 1 producing mine and 1 more coming on line soon. Couple this with the price of gold going up and we can move anywhere between .50 and $1. Looking like the float is pretty much locked down so a .50 is probably most likely in my opinion. Certainly would not abandon after that because it will go to a $1 by year end with the 2nd mine begins producing.
Banro (BAA) has been setting up since around 4/21 the day I grabbed 345 shares at .2059. It's been a slow but positive crawl. However, the news of the new financing yesterday was huge, coupled with their statement that this makes them fully funded and will meet their projections. Based on what I'm hearing they have reasonable O/S of about 252 million or so, hold 11 million ounces of reserve gold currently, 1 producing mine and 1 more coming on line soon. Couple this with the price of gold going up and we can move anywhere between .50 and $1. Looking like the float is pretty much locked down so a .50 is probably most likely in my opinion. Certainly would not abandon after that because it will go to a $1 by year end with the 2nd mine begins producing.
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