Bullboard - Stock Discussion Forum BANRO CORP. T.BAA

Metals & Mining Gold

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

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TSX:BAA - Post Discussion

BANRO CORP. > pulling back to support at .26

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Post by gmarc66 on Aug 19, 2014 2:56pm

pulling back to support at .26

nice pickup point..this thing has plenty of upside to go after pullback..glta

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Comment by TheGoldenBear on Aug 19, 2014 3:19pm

People are starting to buy off the ask. 40 minutes to go and looks like 26 cents is the new support level. a premium to the past two days but on par with the weeks before that. GLTA

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Comment by birch1 on Aug 19, 2014 4:01pm

Well, given what has just happened here and after some DD, I don't think its a mistake to get in today at $0.25. had an order in at $0.20 just for the heck of it but changed it at days end. Could close lower tomorrow, but shouldn't. GLTA

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Comment by TheGoldenBear on Aug 19, 2014 4:17pm

I fully expect this tree to be shaken over the next few days. With the current climate for resource investing it's not hard to spook investors these days. Fortunately, Banro's financial circumstances have just improved dramatically, and the SP will reflect that fact properly in time.

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Comment by birch1 on Aug 19, 2014 5:51pm

You could be right on the tree shaking over the next few days, but I think those that wanted out got out. Someone posted over $1.00 here, but that's probably not realistic. The good financing news certainly puts this back about $0.50 per share where it hovered for some time prior to the July 9th NR. Things are certainly looking up here from my DD today when I saw the volume ...more

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