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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 birch1on Oct 24, 2014 9:38pm
130 Views
Post# 23060276

RE:RE:RE:RE:RE:I'll be waiting with everyone else at 0.14

RE:RE:RE:RE:RE:I'll be waiting with everyone else at 0.14Well, no matter.  Pretty clear you flip.  I'm ok with that.  Do it sometimes myself, as long as you are honest about it, I don't really care.  Frankly, not a lot of BB posting here for the most part like some others, there are more trading this that are not retail, taking up positions and they don't usually post here.  They all know what is comming in terms of the deal they have for cash and pre-bought gold stream that will stabilize the cash flow as they continue to improve production.  Low cost of production and going to push 200 thousand ounces per year.  Once the deal is inked, this is going back to $1.00 plus, because we all know it will close.  Any day now.  Ripe for a Halt, Monday or Tuesday and you won't have time to get in after that at these prices.  Been loading up the last week and a bit.  Even took out some $0.195's today because I didn't want to not be holding.  this deal is going to happen.  Also rememer 95% of holding is institutions and they ain't selling, just retail that holds the other 5%.  Not a lot of shares really when it comes down to it.  That's likely you, me and a few others.  I'm hoping next week is going to see the start of the turn to $0.30 plus on news and higher when people get they can't get shares because  no one will be selling when the deal gets formally announced.  Over $100 million in cash for prebought production and its a minimal amount.  Leaves ton's of profit.   China is going after gold and investors there are highly interested and vested in this area and a buyout is not out of the question either once the deal is inked.  The way I look at it is that as follows.  150K ounces goes back into the company hands after prebought gold supply.  Assuming gold goes to even 1100 per ounce ( and its going higher) that's roughly about $45 million net after costs at an average of $800 per ounce. (profit $300 per ounce).  10 year NPV simple math is $450 million.  Current market cap is $49 million.  That's 9.18 times or $1.79 per share.  Totally undervalued here at $0.195.  GLTA.   Awsome buy and that is why all the institutions still hold at well above $1.00.  Merry Christmas.  Its going to be early this year.
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