Is this because the productiong cost is down this quarter? IAG is also up today despite a huge loss. IAG also reported a decrease in production cost. So, the market expected a loss for BAA and didn't expect a cost reduction, but BAA surprised the market with the cost reduction?
Any thoughts on when we could start to see some upside for their Namoya project?
"Banro's Namoya (oxide) project began construction in the fourth quarter of 2012 and the Company anticipates construction completion during Q3 of 2013 followed by first gold from the gravity circuit in the fourth quarter of 2013 and gold from the heap leach in the first quarter of 2014. At full capacity, gold from the Namoya mine is expected to double the Company's projected gold production to an annualized rate of 225,000 - 240,000 ounces."
This is the reason why I bought shares at .785 & 1.09. I expect a good 2014, hopefully I am not to early. I say it is a buy below a dollar but we will not get any numbers until the 1st quarter of 2014. I personally don't care about any numbers until the 4th quarter of 2013 and 1st quarter of 2014.