RE:Is Banro a good investment or throwing away money?nogueira6661975 wrote: Should i sell?
BAA's company will produce 100,000 ounces of gold in 2014, with $ 893 of AISC, which work to increase production to over 150,000 ounces per year and has a book value of $ 2.15. It is only worth 0,175 now. The gold market is currently at its breakeven. The average AISC market is about $ 1,180, it's normal that a producer as BAA suffers. EDV will produce 440,000 ounces of gold and it went down to 0.67!
I have a list that contains all titles of HUI (large producers GOLD) and, AUQ.TO has an RSI of 42 and is the highest among the titles of the HUI. The RSI is a good indicator of whether the trend is bullish or bearish. So it's easy to laugh at BAA when the market is so low !!!
Sell or not? It's your choice...