Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Banro Resources ( BNRS-CDN) -- Ignore unavailable to you. Want to Upgrade?

To: Len Hynes who wrote (25)	2/22/1998 11:02:00 PM
From: Mark Calp	Respond to of 73

Len and All: I have been doing some very prudent research since the beautiful days of Arequipa Resources. And after many months, I think we have the makings of a company who will, in my judgement, ignite the gold stocks; inparticularly the junior exploration companies and indirectly the medium to senior companies. This company appears to be in the reverse situation of most companies in its field: they are relatively unknown, are still not listed on the TSE, haven't had any major analysts following them and at $7.00 +, they seem to be critically undervalued! BUT, they have the goods now! I bought AQP at $7.60 and sold out 1 1/2 yrs later at $30.00, only because Barrick bought it out after only the first initial holes were revealed and prevented the stock price from getting much higher. Banro is in the process of verifying what already has been revealed as one of the largest high quality gold resource deposits in Africa. With a listing on one of the major exchanges now just a matter of time, the undervalued stock will certainly be recognized and given the bottom of the gold market and the general lack of serious investor attention currently, the stock is probably going to reach much higher levels in the coming months. However, should the gold price move up higher, Banro's value will certainly stick out and hungry investors looking for real true undervalued companies, will not need much time to find this one. I also received the new complete write-up & comprehensive details of the company's history and developing situation and found it to be the most promising junior gold co. of anywhere that I am currently aware. Are there any estimates from anybody out there about when the next group of holes might be released? This looks like the one the market's looking for. Can anybody who is familiar with the results so far, please comment on the value as it relates to the $300.00 price of gold and what it might be if the gold price elevates to the $350.00 area? Thanks and appreciate any feedback and/or info. M.C.

To: Len Hynes who wrote (25)	2/26/1998 7:47:00 PM
From: Round Table	Read Replies (1) \| Respond to of 73

Hello Everyone: Most of todays movement was due to ABN-Amro's Global Mining Research Analyst Simon Lawrence, from London, putting out an updated buy recommendation. The heading states: "Gold resource increased to 13 M oz" ABN-Amro is one of the largest banks in the world. ABN Amro owns one of the largest and oldest European Investment Banks, "Hoare Govett", which has offices in Amsterdam, Madrid, Denmark, Milan, London, France, Ireland, Sydney, Hong Kong, and New York. Please contact BANRO at 1 800 714 7938 if you would like a copy. Have a good day RTM