Banro Corp
Can this sucker go any lower ? I foolishly bought a (thankfully small) position at $1, thinking the downside would be limited. Target seems to be somewhere below zero lol.
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LOL
Easy to get hooked
They apparently have a monster deposit…but it doesn’t seem to matter
Yep I am with you NS. They have problems with local fighting link here: http://www.mining.com/banro-halts-gold-mine-congo-due-violence-shares-collapse/
What a shambles.
The most important item in checklist out of six is the country risk. AVOID at all cost!!
There is grave yard of these companies.
Oh well, if they can fix the regions political problems, it’ll be plain sailing 😉
Congo, not a stable place.
http://www.mining.com/banro-halts-gold-mine-congo-due-violence-shares-collapse/
And then there’s ALO. Talk about shareholders being screwed over by management…
Un-fucking-real.
Nice assets, high grade, but bad management and awful lot of debt. I would advise to buy when you have at least divergence in RSI, not the case yet, certainly not on weekly!