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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. > How did this short go sour?

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Post by debiase on Aug 20, 2014 4:01pm

How did this short go sour?

Went up over 50% on me shorted on margin and how would I get my entire brokrage account wiped out on Tuesday? How could it go up past 30 cents in one shot with such bad fundamentals?

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Comment by Prof_JD on Aug 20, 2014 4:07pm

DEBIASE, YOU JUST GOT EDUCATED BY GRAMPS... NEVER I MEAN NEVER SHORT BAA ...NOT WITH THAT LAST BIT OF NEWS RELEASE THAT PRACTICALLY WIPES OUT ITS DEBT AND MAKES PLANS FOR NAMOYA PLAY YOU ASKED FOR IT CLOSE 29.5 ... TOMORROW ABOVE 30 GRAMPS AKA PROF JD , HAS PROFESSED THE TRUTH

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Comment by TheGoldenBear on Aug 20, 2014 4:28pm

Ouch man. My sympathies. I thought they didn't let people short penny stocks because this is the kind of thing that can happen. Let alone on margin. Good luck in the future.

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