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Hope the lid has finally come off. Need to see it hold above .85 then might ad.
And then this!
BANRO Suspends Operations at Namoya Mine Due to Attacks
5/18/17, 5:33 PM
05:33 PM EDT, 05/18/2017 (MT Newswires) -- BANRO (BAA) said there have been a series of attacks on police and military personnel in the village areas surrounding the Namoya mine. Subsequently, there were attempts to enter the Namoya mine camp by armed intruders, but they were repulsed by security. There was at least one fatality among the intruders, and one police fatality and one military personnel fatality. All of its staff and workers were unharmed.
As a precautionary measure, foreign nationals and non-essential local staff will be leaving site on a temporary basis until the security situation stabilizes. Mining operations are temporarily suspended. However, spraying of the heap leach facilities to extract gold is continuing.
Price: 0.09, Change: , Percent Change:
http://www.mtnewswires.com Copyright © 2017 MTNewswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
And then this!
BANRO Suspends Operations at Namoya Mine Due to Attacks
5/18/17, 5:33 PM
05:33 PM EDT, 05/18/2017 (MT Newswires) -- BANRO (BAA) said there have been a series of attacks on police and military personnel in the village areas surrounding the Namoya mine. Subsequently, there were attempts to enter the Namoya mine camp by armed intruders, but they were repulsed by security. There was at least one fatality among the intruders, and one police fatality and one military personnel fatality. All of its staff and workers were unharmed.
As a precautionary measure, foreign nationals and non-essential local staff will be leaving site on a temporary basis until the security situation stabilizes. Mining operations are temporarily suspended. However, spraying of the heap leach facilities to extract gold is continuing.
Price: 0.09, Change: , Percent Change:
http://www.mtnewswires.com Copyright © 2017 MTNewswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
Chart broken now. From here anyone's guess.
Going down! Going to close in .40s today is my guess.
Banro Corporation
April 13, 2017
Banro Provides Update on Recapitalization Transactions
TORONTO, ONTARIO--(Marketwired - April 13, 2017) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to provide an update on the progression of the Company's recapitalization (the "Recapitalization") described in the Company's management information circular dated February 27, 2016 (the "Circular"). Capitalized terms used in this press release not otherwise defined shall have the meaning ascribed thereto in the Circular.
The Company now anticipates implementing the Plan of Arrangement and closing the Recapitalization on April 19, 2017 (the "Anticipated Effective Date").
The Recapitalization contemplates, among other things, (a) the refinancing of the maturing US$175 million senior secured 10% notes due March 1, 2017 of the Company (the "Existing Notes") and US$22.5 million loan (the "Term Loan") with new US$197.5 million senior secured notes with a 4-year maturity and new common shares of the Company, (b) the conversion of the outstanding exchangeable preferred shares of each of Twangiza (Barbados) Limited and Namoya (Barbados) Limited (collectively, the "Exchangeable Preferred Shares"), gold-linked preferred shares of Banro Group (Barbados) Limited (the "Barbados Preferred Shares") and Series A Preference Shares of Banro into common shares of the Company (the Series B Preference Shares of Banro will be cancelled for no consideration) (c) the execution of a gold forward sale agreement to raise US$45 million to be used by the Company for working capital and general corporate purposes, including to fund transaction costs and repay a US$6.5 million interim loan facility recently obtained by the Company, and (d) the extension of the maturity dates on an existing US$10 million loan from July 15, 2018 and September 1, 2018 to February 28, 2020. In addition, certain stock options of the Company with an exercise price equal to or in excess of Cdn.$0.80 per share will be cancelled for no consideration.
Assuming the Recapitalization is implemented on the Anticipated Effective Date, the holders of the above noted securities (the "Affected Holders") will receive the following consideration:
Affected Instruments Holdings Approximate Entitlement under the Recapitalization
Existing Notes Per US$1,000 face amount US$1,000 face amount of New Senior Secured Notes (together with the related Note Guarantees) and 575.11449 Common Shares
(or, if a Cash Election is made, US$750.00)
Holders of Existing Notes will also receive US$13.42 in respect of interest accrued to the closing date of the Recapitalization
Exchangeable Preferred Shares Per 1 Exchangeable Preferred Share, including any relevant accrued and unpaid dividends 9,534.09700 Common Shares
Series A Preference Shares Per 1 Series A Preference Share, including any relevant accrued and unpaid dividends 209.95004 Common Shares
Series B Preference Shares Per 1 Series B Preference Share Nil
Barbados Preferred Shares Per 1 Barbados Preferred Share 192.85686 Common Shares*
Term Loan Per US$1,000 face amount US$1,000 face amount of New Senior Secured Notes (together with the related Note Guarantees) and 575.11449 Common Shares
Holders of the Term Loan will also receive US$33.06 in respect of interest accrued to the closing date of the Recapitalization
* The Common Share entitlement for Barbados Preferred Shares presented above is exclusive of accrued dividends. On the Effective Date, 50% of the accrued dividends on the Barbados Preferred Shares will be paid in cash and the other 50% will be paid with additional Common Shares.
It is expected that all such entitlements will be paid to Affected Holders through the facilities of the Canadian Depository for Securities (or its nominee). Owing to rounding, the number of Common Shares or cash, as applicable, actually received by Affected Holders may not match the factors set out herein.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and on production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. All business activities are followed in a socially and environmentally responsible manner.
Cautionary Note Concerning Forward-Looking Statements
This press release contains forward-looking statements. All statements, other than statements of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the proposed implementation of the Recapitalization, the timing of the Effective Date, the entitlement of various security holders under the Recapitalization and the anticipated effect of the Recapitalization on the Company's operations and financial condition) are forward-looking statements. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, among other things: the risk that the Company will be unable to obtain all approvals necessary for implementation of the Recapitalization or may not be able to satisfy the other conditions to the completion of the Recapitalization contained in the Support Agreement; uncertainty of estimates of capital and operating costs, production estimates and estimated economic return of the Company's projects; the possibility that actual circumstances will differ from the estimates and assumptions used in the economic studies of the Company's projects; failure to establish estimated mineral resources and mineral reserves (the Company's mineral resource and mineral reserve figures are estimates and no assurance can be given that the intended levels of gold will be produced); fluctuations in gold prices and currency exchange rates; inflation; gold recoveries being less than expected; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; political developments in the Democratic Republic of the Congo; lack of infrastructure; failure to procure or maintain, or delays in procuring or maintaining, permits and approvals; lack of availability at a reasonable cost or at all, of plants, equipment or labour; inability to attract and retain key management and personnel; changes to regulations affecting the Company's activities; the uncertainties involved in interpreting drilling results and other geological data; and the other risks disclosed under the heading "Risk Factors" and elsewhere in the Company's annual report on Form 20-F dated April 2, 2017 filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
For further information, please visit our website at www.banro.com.
CONTACT INFORMATION:
Martin Jones
+1 (416) 366-2221, Ext. 3213
+1-800-714-7938, Ext. 3213
info@banro.com
Marketwired, 25 York Street, Suite 900, P.O. Box 403, Toronto, Ontario, M5J 2V5
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Guessing this is the North Korean effect that we are seeing in the market.
Knew it was a head fake let's get this over .20 again!
Why the sell pressure! Somebody know something or just trying to get cheap shares? Looks like someone wants to sell their position at .14
I'm looking to maybe test 1300 by Eod tomorrow. This should be worth a few pennies for Baa also!
Shoot a few tomahawks and Gold Spikes.
So I am guessing you go that order filled.
How many shares sold after hours
Wish I had some powder to get those 13s
What's causing this late day baa dump with gold maintaining its price?
Why we down this am? Large 200k plus on the ask and mining is up.
Something's UP!!!
Maybe this was not newsy enough.
Gold Stocks on Investors' Radar -- Timmins Gold, Banro, Gold Standard Ventures, and Randgold Resources
12/29/16, 7:50 AM
NEW YORK, December 29, 2016 /PRNewswire/ --
On Wednesday, benchmark US indices tumbled back in bearish territories as the NASDAQ Composite, the Dow Jones Industrial Average, and the S&P 500 edged lower at the closing bell. US markets registered broad based losses following the past couple sessions of positive trading with all nine sectors finishing the day in red. Today, Stock-Callers.com reviews these four Gold stocks: Timmins Gold Corporation (NYSE MKT: TGD), Banro Corporation (NYSE MKT: BAA), Gold Standard Ventures Corporation (NYSE MKT: GSV), and Randgold Resources Ltd (NASDAQ: GOLD). Learn more about these stocks by accessing their free research reports at:
http://stock-callers.com/registration
Timmins Gold
On Wednesday, shares in Vancouver, Canada headquartered Timmins Gold Corp. recorded a trading volume of 823,050 shares. The stock ended the day 2.99% higher at $0.33. Shares of the Company, which through its subsidiaries, engages in the acquisition, exploration, development, and operation of mineral resource properties in Mexico, are trading at a PE ratio of 7.03. Timmins Gold's stock has rallied 147.60% in the past one year. The Company is trading below its 50-day and 200-day moving averages by 13.41% and 16.17%, respectively. Furthermore, Timmins Gold's shares have a Relative Strength Index (RSI) of 48.84. Free research report on TGD is available at:
http://stock-callers.com/registration/?symbol=TGD
Banro
On Wednesday, shares in Toronto, Canada headquartered Banro Corp. ended the session 2.82% higher at $0.17 with a total volume of 1.35 million shares traded. The stock is trading 17.94% below its 50-day moving average and 41.44% below its 200-day moving average. Moreover, shares of the Company, which together with its subsidiaries, engages in the exploration, development, and production of mineral properties, have an RSI of 42.35. The complimentary research report on BAA can be downloaded at:
http://stock-callers.com/registration/?symbol=BAA
Gold Standard Ventures
Vancouver, Canada headquartered Gold Standard Ventures Corp.'s stock finished Wednesday's session 1.93% higher at $2.11 with a total volume of 253,756 shares traded. Gold Standard Ventures' shares have rallied 219.70% in the past one year. The Company's shares are trading above its 200-day moving average by 10.11%. Shares of Gold Standard Ventures, which engages in the acquisition and exploration of gold-bearing mineral resource properties in Nevada, the US, have an RSI of 47.67. Visit us today and access our complete research report on GSV at:
http://stock-callers.com/registration/?symbol=GSV
Randgold Resources
St. Helier, Channel Islands-based Randgold Resources Ltd's stock advanced 3.71%, to close the day at $75.56. The stock recorded a trading volume of 1.09 million shares. Randgold Resources' shares have gained 1.71% in the previous one month and 21.96% in the past one year. The Company's shares are trading 2.71% and 19.32% below its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company, which together with its subsidiaries, engages in exploring, developing, and operating gold mines in west and east Africa, are trading at a PE ratio of 33.39. The stock has an RSI of 54.88.
On December 1st, 2016, research firm Morgan Stanley upgraded the Company's stock rating from 'Underweight' to 'Overweight'. Get free access to your research report on GOLD at:
http://stock-callers.com/registration/?symbol=GOLD
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SOURCE Chelmsford Park SA
Starting to get a little publicity. Nice!
Gold making a move would like to see over 1200 today!
Time to cover Mr Short!
Now it decides to correct at HOD. Interesting!
Refi news can't come fast enough. Never thought we would get back to these levels!
Well that did not hold up very long.
Follow nugt mining sector down
Banro Corporation
November 1, 2016
Banro Appoints New Chief Financial Officer
TORONTO, ONTARIO--(Marketwired - Nov. 1, 2016) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA)(TSX:BAA) is pleased to announce the appointment of Dave Langille as Chief Financial Officer of the Company, effective November 1, 2016.
Mr. Langille is a senior strategic finance executive with over 29 years of international public company experience. He brings a wealth of mining industry expertise to Banro, including corporate finance, corporate development, financial leadership and oversight of operational requirements.
Most recently, Mr. Langille served as CFO of North American Palladium Ltd. Before that, he served in senior financial positions for various international public companies including Breakwater Resources Ltd., Lindsey Morden Group Inc., Capital Environmental Resources Inc., Cott Corporation and TVX Gold Inc. Mr. Langille holds CPA, CA and CMA designations and received an Honours Bachelor of Business Administration from Wilfrid Laurier University.
"We are pleased to welcome Dave to Banro's executive team at a pivotal time in our history," said John Clarke, Chief Executive Officer of Banro. "Dave's strategic planning skills, capital markets knowledge and mining industry experience reinforce the Company's capabilities as it continues to execute on its strategic plan."
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and on production at its second gold mine at Namoya, where commercial production was declared effective January 1, 2016. The Company's longer term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. All business activities are followed in a socially and environmentally responsible manner.
For further information, please visit our website at www.banro.com.
CONTACT INFORMATION:
Banro Corporation
Martin Jones
+1 (416) 366-2221, Ext. 3213
+1-800-714-7938, Ext. 3213
info@banro.com
www.banro.com
Marketwired, 25 York Street, Suite 900, P.O. Box 403, Toronto, Ontario, M5J 2V5
If you no longer want to receive announcements from us, please do not reply to this e-mail. Instead simply click here.
We have a new CFO
Yes finally a couple weeks ago
Someone wants back in or we have some short covering getting the pps up this am.
Boom! It's going to be a green day!
A little short covering?
My TD A account has not switched over yet either. New symbol not showing or any shares.
Getting really irritated with this stock please tell me this is not more than manipulation going on right now!
My shares showed to have zeroed out with no value and some random number instead of ticker symbol bitcf on TD Ameritrade.
Mining sector going to pop today. Hope Baa follows it.
And we have Green!
What triggered the surge in Gold this afternoon?
gold is at 1330 and baa down to .40 while everyone else is up. What's going on!
Wow that just triggered a few stops!! Let's keep above .40 please!!