RE:RE:RE:Remember the old song about BAA?I too got into Banro at a low price, never sold at .40 thinkingQ2 was gunna be huge.
Our best bet does seem to be the new mine coming online.
But it all just seems a little fishy, even previous quarters money had seemed to just disappear off the balance sheet. Imperial metals had the same type of quarterly write-off of assets, but only to the tune of about 1mil, banros was close to $50mil... And why? "Because" is basically all the report said..
and just the whole deal with releasing the Q2 production saying they had another record quarter, only to squash it with the financials..
Personally, I think being in the congo, the local government or other groups that run the area may have their fingers into our pockets a little bit.. It is a little sketch to me.
BUT I do believe banro has the potential to take off and rather quickly, I think Q3 will report well and we should be back into the .40's at least, and hopefully by Q2 of 2016 we can break a dollar with both mines operating.
Banro has been a multi dollar stock before, here's to hoping she gets back to the glory days!
Cheers