Anybody Else Here BuyingWith these crazy new lows every day, are any of you adding to your shares? Or are you too shell-shocked and wary after the refinancing dilution? I was fortunate to not first invest until late May, and I have been adding shares the last couple of days. The recent rebel attacks have certainly affected investors, and many longer-term shareholders have bailed.
As a new investor here, my take is probably no different than most past investors - Banro has tremendous deposits, valuable mining equipment and production facilities, and favorable tax treatment. They should be able to modestly grow production and increase profitability using existing cash flow. Yet, this stock is trading at prices far below many junior explorers who have yet to prove a single deposit. And if gold prices spike, this stock will outperform 99% of other producers. But of course there is still the political risk. But at this stock price that risk is covered several times over. Of course, all of this doesn't mean that the share price cannot drift lower still.