Ref: StockItOut and BAA_Up
Post # 63179 & 63180
Sorry I could not respond yesterday, was tied up.
"And question for Rory: Why is Banro in this situation at all if and after they just did a Recapitalization? "
I did ask that question to him and his response was political situation, equipment spending and interest payment on debt.
I asked him why so much expenditure even though Namoya is down, expenses should be minimum other than fixed cost.
Response was spending on road repairs, asset protection, equipment maintenance and staff to continue with some mining activities.
Spent almost forty five minutes asking all sorts of questions but could not get any concrete answer to the current situation other than him saying that he can not disclose much than we already know.
