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Banro Gold: Proven and Probable Reserves Increase to 4.52 Million Ounces at Twangiza

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Message: Any thoughts on why price is dropping?

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holdyergold

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Re: Any thoughts on why price is dropping?

in response to Any thoughts on why price is dropping? by Jesus Malverde

posted on Jun 29, 09 12:16PM

I too am a little dissapointed, but if holding now, what is to prevent from holding on until price improves via an increase in gold or a positive NR form Banro again highlighting future developments and a eventual turn at production.

The only reason I can see the price dropping is to shake out the less informed, as well as a possible discount tied a belief that banro cannot buiild everythihg for the amount raised, somewhere doen the line a PP/Financing will need to be doena gain and the stock is subtly being punished for it.

Those are my guesses, but that is not enough to shake me off of this tree.

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