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BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

Comment by bertanderon Feb 14, 2014 8:33pm
261 Views
Post# 22212975

RE:RE:RE:Volatility

RE:RE:RE:VolatilityIt has been a roller coaster if you look over the last seven months. If you believe that it hit bottom Dec. 20/23 at 0.44 cents and is now making its way up, we should be in good shape. It's always traded that way. You can either add to your position on the dips or sell some shares on the next pop. I like their reports and I think the additional financing will take care of their debt. They have almost $800 million in assets from what I can tell. That's unbelievable. Having a lot of institutional ownership is good and bad. The good part is that they can push the stock up quickly on news, the bad part is they can drop it down quickly if they want more shares or for whatever reason.
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