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Bullboard - Stock Discussion Forum 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 Discussion

BANRO CORP. > Ok, perhaps I give up. So close to trading green
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Post by birch1 on Aug 26, 2014 4:23pm

Ok, perhaps I give up. So close to trading green

in the last minute of trade today.  Thought it would.  I'm on vaction, so I took the liberty of watching trades today.  lots of 500 share crosses, that I just cannot explain.  Not like retail or major shareholders are dumping, just a ton of cross trading today. 

A few shares traded this down to close red when easily, someone could have hit the ask at $0.28  Sounds computer generated to me.  Anyway.  200,000 ounces per year at $300 an ounce profit is $60 million a year or approximately $600 million market cap over 10 years  We are trading just over 10 times less than what the market cap should be in a year and 5 times less than where it should be today.  Perhaps I am missing something.  GLTA.
Comment by Power4Play on Aug 26, 2014 4:33pm
Maybe they just wait for the 26,9 cents warrants to be approved by SEC. From last NR. ''The warrants have a three-year term and entitle the holders to purchase a total of 13.3 million common shares of the company at an exercise price of 26.9 cents per share. The warrants will be exercisable for cash, or by a cashless exercise, at the option of the holder. ''
Comment by birch1 on Aug 26, 2014 5:49pm
Perhaps, they will get approved anyway.  Stock trades way less than value, should be higher, but its the end of summer of course and likely most are off.  I wouldn't get too fooled over the trading given what I saw today.  Lots of 500 share crosses...Tons of them.  Its pretty odd.  Never seen hat before to that degree.
Comment by Power4Play on Aug 26, 2014 6:48pm
those 500 board lots are sure computer traded... this last for quite some time now... don't know what it is if it is only to be crossed traded without creating any surge of any kind on both sides.. don't know, but sure that's odd...
Comment by arielpls on Aug 26, 2014 8:34pm
You just observe if the descent with small red will end with a nice big white candle. If so, will leave the title up ...Otherwise, as I already mentioned, BAA will remain between 0.25-0.30 quelqes for another time.
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