BANRO CORP. T.BAA

RE:RE:Is Banro a good investment or throwing away money?

[arielpls]

arielpls wrote:

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...

RSI higher than 50 is bullish (short or long term) and below 50 is bearish (short or long term).