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Those were warnings. With surprise and contempt for the incredulousness of mngt. Some other poster(s) were a bit ridiculous, most others in agreement about and responded to said poster(s).
Banro’s downfall was orchestrated by its mngt. Posters here needed to be proven wrong by mngt, yet posters, most as shareholders, were in fact correct. You sound like the angry loser about whom you refer as if other than and not you. If it’s “all bull,” then posters’ “constant bashing” would have no affect anyway.
I’m up for mngt getting theirs and found liable for misleading and stealing from shareholders, yet I don’t expect a return on original investment where most longs bought-in at the original old $0.15-$0.22. share price.
Stalkers? Crazy? Who knows why such people do these things. As I have said before, the internet is a better place to vent than stalking real people and doing them physical harm. I never realized how bad this world is until I spent years watching people’s real issues behind nameless handles come out everyday.
I truly hope the courts get the company to give back some of our stored value in the company.
I agree totally. If the so wise holders knew so much as they claimed THEY did, they should have filed the lawsuit before the really caring stock holders did.
But did they NO, they just bashed, bashed and bashed some more, so immature and childish.
I am not sure why they Even Monitor this board as they SOLD and supposedly left and would Not Post here anymore. The real measure of a person is their word and the Truth does hurt sometimes, doesn't it.
It’s all bull. Lack of shareholder support and constant bashing of a small growing company did nothing good and only supported its down fall. Bunch of angry losers.
It's just comical that banro is going after people that they robbed. Yeah let's dispose a shareholder to Canada, just one. Why not dispose the rest? Oh wait...you can't dispose anyone cause you allowed the Canadian courts to shut down the case completely.
What a bunch of dipshiets
I regret that I did not hit your friendly tone.
Maybe you're right and it's better people stay stupid or not criticized.
But I only said my opinion.
Trying to be honest is not always friendly.
Nice analogy. Made me laugh.
Lets see. Company sued by shareholders and you’re complaining that the company should not defend itself and aggressively or offensively so, as needed! That’s the way it works when in a legal battle, you go after and undermine the side accusing you. Pretty simple.
As to ‘settlement,’ of course I did not say you said settlement. I only inquired with a guess per your suggestion of important or relevant news. Which we still don’t have.
Your tease might be an appealing Friday night date for some, but I don’t roll that way.
Yet I’ll still respect you in the morning.
We’ll get ‘the news’ when we get the news.
I didn't say a settlement yet. Right now banro is shooting themselves in the foot by showing that their only interest is defending the company and attacking shareholders that they robbed. People see this.
Like most that post here? Strange angry crown for years.
Use a dictionary! With that you can learn the definition of terror and rebellion
I assume you do not know anything
Settlement? Already?
Why tease. Why not say something? Just to let everyone first know you’re in the know? Come on...!
But, if soon enough is coming, I can wait.
It will be public soon enough.
Okay. Sounds good. Why not share.
Rebels!!! HA!! TERRORISTS!!!!
They fight they own people. Can a chicken a goose??
There is news now. You will find out soon.
Baa management is screwed. The defense they are giving with their lawyer. What a bunch of dipshiets. You will read about it soon enough.
Ah, to feed to Banro mngt.
Give those rebels some poisened Fuckyshima fish.
Thank you! Important news needs to be shared.
Good one! Made me laugh.
Edit before 15 min edit expiration allowance:
Thought you were responding to ‘news’s story. Your response funny in that context.
Yes, older news, yet I don’t believe had been posted, so thought to add for reference. It sparked ideas for me as to whether U.S. BAA shares have in fact been deleted, or if U.S. share deletion is pending outcome of U.S. legal suits. BAA shares continue to be listed in my brokerage account.
Yes, background is Banro execs deserve it.
Other than that my source said things are rather hush hush, and provided limited additional information. It seems the media is providing information, as sensitive as it is, on a need-to-know basis.
What was relayed is rebels flew Quater Air through Dubai to Tijuana, Mexico, where then the rebels entered America claiming asylum, then took a Greyhound bus all the way to Niagra Falls, before also applying for Canadian asylum as a refugee from America (go figure), where they were welcomed warmly.
Yes, long n strong, why be anything else?
That was good. Gave me a chuckle
Interesting news.
Do you have background material for this?
Long and strong BAA
Breaking News!! — DRC rebels raid the Toronto offices-of-Banro-Corporation.
American ex-shareholders invite rebels over for dinner.
KP is LONGER AND STRONGER than ever.
SEC Form 15 - CERTIFICATION-AND-NOTICE OF TERMINATION OF REGISTRATION
UNDER SECTION 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR SUSPENSION OF DUTY TO FILE REPORTS UNDER SECTIONS 13 AND 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
(May 4th, 2018)
https://www.sec.gov/Archives/edgar/data/1286597/000101143818000132/form_15-banro.htm
Glad you doing well,
Thanks.
Sold out everything today. With a nice gain.
Cash is king until Thursday.
Nice Holyday for you!
See you
No news here...
Thanks for note.
I’m also doing well on both AG and FR.TO .
s i l - e r !!
At least you made a profit, I lost but it could have been much worse if I stuck to the end.
Just want to say HELLO.
My profit from banro was miserable. 10 of 80T stayed with me.
But I also won again. With Gold_Silbershares.
This time I have already realized nice profits. I learned to do that.
Decided to check back in .. after so long .. not surprised at what happened. I got hit good .. but making some back. Good lesson not to "hold on hope" for too long.
Dreamer!
very friendly expressed ,compliment
by the way .. thanks for the last two messages. Have similar opinion.
But will trade with a part a little.
I would be interested to know how much BAA Longs expect, for their compensation, if there is one by a miracle.
10 cents? The last share price of regular trading? That would be 1 cent for the longs before the split.
Dreamer! Banro wiped your shares, sold for you.
For those that sold you are correct, losers!!!
Banro will receive the good lesson to NOT screw over shareholders soon....
Yeah, me too. BAA longs deserve equity (even kp).
G o r o , I don’t know enough on company at this point. Chart looks really strong. I wonder if it tests $7.5-$8 on continued faster momentum, where maybe to sell and then buy back at/near 50 dma.
Or maybe it holds near current price to consolidate sideways for a few weeks before another strong move higher $8-$10. Or great news comes and it blasts to $12 and who knows. Weekly volume increase kind of needed, as would also continue to support a strong move higher.
Appreciate your opinion.
Many Thanks
I'm very curious how it goes out with Banro
Good!, glad your goro working out. Chart looks great. This one your charm. $8-$10 coming it looks like.
Well, if Banro mngt forgot, that’s funny.
I wonder if it in fact is caution by Banro considering legal suits.
Or maybe something with the exchanges and is actually non-Banro.
I wonder if Banro did not follow ....
I'm not surprised anymore. Maybe it's just a Banro delay.
Or they forgot.
With this fun, I say thank you for your answer.
P.S.
Did you watch Goro? It makes me more happy than BAA
I was a bit clumsy with EGO, but I'm out.
Yeah, thanks. Interesting. With shares still in my account I wonder if Banro did not follow through to finalize elimination of BAA.TO and BAA common equity, as per the final Canadian Court Order.
At my broker you can still find BAA .
But no data available on the streamer. The chart is shown until December, last trade at 0.1055.
My brokerage still lists my few BAA shares. Anyone else?
Nothing can change the situation anymore...this was a good lesson for all who didn't listen to good advice.Deal with it.
Right here. I luv this company.
the day is saved, with your posting !
Right here. I luv this company.
Banro doing good things for LONG n STRONG,
Can’t lose if you don’t sell.
I know the company sold for me...
but I support strong mngt.
The ‘Courts Mine’ is their latest discovery and this one is winner;
massive reserves, massive output, massive payout.
Dividend will be as big as my president’s tie.
And ‘can rely on the other.’ Yeah, good point.
For instance, Banro can simply claim that it let him go because both defendants separately had become under legal attack, and separating the two from attachment to each other makes best legal and tactical sense. That’s all. No guilt is admitted.
agree ,thus, one can rely on the other.
That makes the game more difficult. This is also the tactic of every company that gets into trouble. This is also played in politics.
good consideration
Of course, it’s to be continued...
Banro letting Clarke go, as a matter of law, is not an admission of guilt. Nor is or would it be an admission of guilt in Clarke’s attorneys attempting or succeeding to prevent his testimony. You don’t know what you’re talking about. For instance, Banro can simply claim that it let him go because both defendants separately had become under legal attack, and separating the two from attachment to each other makes best legal and tactical sense. That’s all. No guilt is admitted.
As to Trunkmonk, yes, if Court sets an order, Clarke will have to follow it. Though even then, Clarke may not follow it, if he and his attorneys deem it better for him that he disobey the Court’s order, and accept any subsequent repercussions.
Further, the Court does not just conclude things, as you suggest. One of the two parties must raise or motion an issue for the Court to consider. Legard will have to prove Banro's guilt you claim is evident. The evidence you claim of dismissal and prevention of testimony as a determination of guilt can simply be established as appropriate legal protection of each party, Banro and Clarke.
Like trunkmonk said, he will have no choice.
Since the lawsuit has been submitted, the optimism has looked higher. That is partly due to banros reactions. Letting Clarke go immediately is an admission of guilt. One doesn't need to be legally trained to know this. And if Clarke's lawyers try to detain him from court, that will also show admission of guilt.
It just keeps looking worse for banro. I didn't expect this much good news the last 3 months since the suite was filed. History has also showed canadian corporations who have committed stock fraud in the US to be found guilty in US courts multiple times in the past. Research it.
To be continued........
Answer: Yes. Disassociate/Disconnect him from company for legal reasons.
Protects the company. Likely protects Clarke too. Clarke cannot not answer for Banro as he is no longer a party to the defendant Banro. Clarke is a separately named defendant. Get it?
Not sure if Clarke can be subpoenaed and deposed as a non-party witness to incidents regarding Banro (considering he is also a separately named defendant), but as a separate defendant I image his attorneys will do what they can to prevent him as a witness to himself.
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Banro is a Canadian gold company with two wholly-owned producing gold mines and two wholly-owned advancing gold exploration projects in the Democratic Republic of the Congo. The Twangiza mine produced 135,532 oz Au in 2015. The new Namoya gold mine entered commercial production on January 1, 2016 and has production targets of 9,000 to 10,000 oz Au per month. Exploration is ongoing at the fully permitted and licensed projects of Kamituga and Lugushwa. With Proven and Probable Mineral Reserves of 3.18 million oz Au, a Measured and Indicated resource of 7.04 million oz Au and an Inferred resource of 5.08 million oz Au, Banro’s properties host a major gold resource.
The Company’s two operating gold mines are Twangiza, which produced 135,500 oz Au in 2015, and Namoya, which entered commercial production in January 2016 and has production targets of 9,000 to 10,000 oz Au per month. Multiple new exploration targets have been identified on both the Twangiza and Namoya properties. Meanwhile, exploration is ongoing at the fully permitted and licensed projects of Kamituga and Lugushwa.
In addition to these four licensed projects, Banro also holds 14 exploration permits covering 2,638 square kilometres and located on highly prospective ground between its Twangiza and Lugushwa projects. Applications for additional exploration permits contiguous to and located between the Company's Lugushwa and Namoya projects, along with areas south of Twangiza, are pending.
To date, only 12 percent of the concession area has been explored using modern exploration techniques.
Qualified Person Daniel K. Bansah, who is a Member of the Australasian Institute of Mining and Metallurgy (Aus.I.M.M), the Company's Vice President, Exploration and a "qualified person" (as such term is defined in National Instrument 43-101), has reviewed and approved the technical information included on this web site with respect to the Company's gold properties.
The first of Banro's two gold mines, Twangiza is targeted to produce 110,000 to 120,000 oz Au in 2016
Twangiza Mine
Twangiza became Banro's first producing open pit gold mine in October 2011, and commenced commercial production in September 2012. With mill throughput currently operating slightly above capacity of 1.7 million tonnes per year, Twangiza in 2015 produced 135,532 ounces of gold. The mine has an expected life of 14 years from currently defined reserves.
The property is located 45 kilometres south-southwest of Bukavu in South Kivu Province and consists of six Exploitation Permits covering 1,164 square kilometres in the highly-prospective 210km long Twangiza-Namoya gold belt.
Twangiza is the most advanced of Banro's four properties with a Mineral Reserve of 27.67 million tonnes grading 2.05 g/t Au containing 1.82 million ounces of gold. Measured and Indicated resources at Twangiza are 99.35 million tonnes grading 1.47 g/t Au containing 4.69 million ounces of gold plus an Inferred Resource of 9.83 million tonnes grading 1.17 g/t Au containing 370,000 oz Au. The updated resource calculation used a cut-off grade of 0.4 g/t Au.
The Twangiza deposit is comprised of two resource components - an oxide portion and a transition rock/fresh rock (non-oxide) portion. The current activities involve mining and processing a blend of both oxide and non-oxide material within the reserve pit shell using the existing plant. Exploration activities are focused on growing the oxide resource.
In 2016, management efforts will focus on increasing plant production through expansion of the fine crushing circuit. This is expected to create a finer grind which is more amenable for improved leach dissolution. The additional crushing equipment has been procured and is expected to be commissioned in the third quarter of 2016.
The most recent technical report with respect to Twangiza that has been filed by Banro on SEDAR is dated July 29, 2015 and entitled NI 43-101 Technical Report, Mineral Resource and Reserve Update, December 31 2014, Twangiza Gold Mine, Democratic Republic of the Congo. A copy of this report may be accessed at www.sedar.com.
Banro's second gold mine, Namoya, began commercial production on January 1, 2016
Banro's Namoya (oxide and free-milling) mine entered commercial production on January 1, 2016. At full capacity, the Namoya mine, a hybrid heap leach – CIL plant, is expected to produce 9,000 to 10,000 ounces of gold per month.
Namoya has a Proven and Probable Mineral Reserve of 20.94 million tonnes grading 2.02 g/t Au containing 1.36 million ounces of gold. Measured and Indicated resources at Namoya are 25.68 million tonnes grading 1.96 g/t Au containing 1.62 million ounces of gold plus an Inferred Resource of 5.03 million tonnes grading 1.63 g/t Au containing 260,000 oz Au. The updated resource calculation used a cut-off grade of 0.4 g/t Au.
The Namoya property lies at the southern end of the Twangiza-Namoya gold belt in Maniema province, approximately 210 kilometers southwest of Twangiza and consists of one PE covering an area of 174 square kilometres.
Mine/Project/Category | Tonnes (Mt) | Grade (g/t Au) | Gold (Mozs) |
---|---|---|---|
Twangiza | |||
Proven | 6.21 | 2.19 | 0.44 |
Probable | 21.47 | 2.01 | 1.39 |
Total Proven & Probable | 27.67 | 2.05 | 1.82 |
Namoya | |||
Proven | 17.90 | 2.10 | 1.21 |
Probable | 3.04 | 1.53 | 0.15 |
Total Proven & Probable | 20.94 | 2.02 | 1.36 |
TOTAL MINERAL RESERVE | |||
Proven | 24.10 | 2.12 | 1.65 |
Probable | 24.50 | 1.95 | 1.54 |
Total Proven & Probable | 48.61 | 2.03 | 3.18 |
Note: Rounding of numbers may result in computational discrepancies.Mineral Reserves included in Mineral Resources.
Mine/Project/Category | Tonnes | Grade (g/t Au) | Gold (Moz) |
---|---|---|---|
Twangiza (Oxide) | |||
Measured | 2.49 | 1.99 | 0.16 |
Indicated | 8.57 | 1.86 | 0.51 |
Measured & Indicated | 11.06 | 1.89 | 067 |
Inferred | 1.56 | 1.20 | 0.06 |
Twangiza (Transition & Fresh) | |||
Measured | 3.11 | 2.11 | 0.21 |
Indicated | 85.18 | 1.40 | 3.81 |
Measured & Indicated | 88.29 | 1.42 | 4.02 |
Inferred | 8.27 | 1.17 | 0.31 |
Namoya (Oxide & Free-milling) | |||
Measured | 20.44 | 2.02 | 1.33 |
Indicated | 5.24 | 1.73 | 0.29 |
Measured & Indicated | 25.68 | 1.96 | 1.62 |
Inferred | 5.03 | 1.63 | 0.26 |
Lugushwa (Oxide) | |||
Indicated | 16.91 | 1.35 | 0.73 |
Inferred | 6.17 | 1.56 | 0.31 |
Lugushwa (Transition & Fresh) | |||
Inferred | 65.01 | 1.54 | 3.22 |
Kamituga | |||
Inferred (Surface) | 4.14 | 2.40 | 0.32 |
Inferred (Underground) | 3.12 | 6.00 | 0.60 |
TOTAL MEASURED & INDICATED | 141.94 | 1.54 | 7.04 |
TOTAL INFERRED | 93.29 | 1.70 | 5.08 |
www.banro.com/assets/pdf/2016-09-banro-presentation.pdf
Common Shares Outstanding | 302,309,005 |
Options | 20,414,192 |
Warrants | 34,200,0001 |
Exchangeable Preferred Shares | 63,000,0002 |
Series A Preference Shares | 116,0003 |
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