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Hope you are right!!
Good luck!!
I know that October 1st is the beggining of 4th qurter, what I wanted to say is that I am afraid they won't release any specific PR before the end of September, and perhaps, they will confirm the start of commercial production in Namoya on the 9-10th October when the production numbers are released.
Believe me, I would love to have positive PRs every week. I am heavily invested in Banro (too heavily), and I don't see the day when share price will be back over 0.35-0.4.
GLTA!!
Beside Namoya update, which kind of news are you expecting?
I would love to, but I am not expecting any update before the October production numbers (which would include the Namoya commercial production announcement).
Too negative perhaps, but looking at share prices and gold prices, I am not expecting positive movements anytime soon.
Gold trying to break through $1125
http://www.kitco.com/charts/livegold.html
Banro will be updating its progress on October 15th during the DRC Mining Industry Conference, with a project update by CEO John Clarke.
Banro is platinum sponsor at the event: http://www.ipad-drc.com/sponsors
More info at: http://www.ipad-drc.com
I expect they will release a public update before that, hopefully in the following 1-2 weeks.
GLTA
And 18% up in Frankfurt... (Yes, I know, that's not representative,... low volume,... bla,bla,bla...)
Interesting comments on the new mining code:
"Mr. Simon Tuma-Waku, Vice President of FEC (Congolese Employers’
Federation) in charge of Mining, said: “The Chamber
pledges its commitment to work with government to draft
amendments to the 2002 Mining Code that will be a win-win
formula for both the State and the industry”.
To maintain and encourage investors, it would be appropriate
that the revision of the mining code could finish quickly without
changes in tax code provisions enacted in 2002. Investors aspire
to legal stability."
http://www.congomines.org/system/attachments/assets/000/000/802/original/Rapport_du_deuxime_trimestre_2015_de_la_chambre_des_mines.pdf?1440676711
CAT trucks will arrive next week or so, based on the info disclosed in the last earnings call by the CEO:
" At Namoya, for this third quarter 2015, we’re preparing for the delivery of the CAT 777 mining fleet additions in early September and commissioning in phases starting again in September. "
Greek crisis: Tsipras says 'no deal' with creditors
CNBC-Greek Crisis
Greek Prime Minister Alexis Tsipras said his government's proposed reforms have not been accepted by its international creditors, according to a statement from Greek officials on Wednesday.
The news dashes hopes of an imminent deal between the embattled Mediterranean country and its creditors.
European markets turned lower following the statement, with Germany's Dax falling 1.2 percent and the Athens stock exchange down 3.3 percent minutes after the news emerged.
"Certain institutions insist in not accepting equivalent measures suggested by the Greek government," Tsipras told his colleagues before departing to Brussels, according to the statement.
Add $BAA to that list. Great news out!
Banro Announces a 59% Increase in Twangiza Reserves and Twangiza Mine Life Extension to 14 Years
http://finance.yahoo.com/news/banro-announces-59-increase-twangiza-111243978.html
Gold up: $1220
Banro beats by $0.05
Great to see this type of headlines in the morning!
Congrats longs! And welcome new investors! This will be a great ride!
GLTA
Why did BAA go up 65% during the last 3 months and GSS down 21%?
This might be the answer you were looking for. Perspective is always important.
GLTA!!
If my calculations are correct, Banro produced 3.05 tons of gold in 2014, this is 15 % of the annual gold production in DRC.
I considered 1 oz = 31.1 grams. 98184 oz production in 2014 = 3053 kg of gold.
Holding 217400 shares. Long and strong
GLTA
No doubt about it! That's Twangiza mine. He talks about TWO mines, and the pictures are "our" mine pictures, definitely.
Fully loaded with 217k shares!
GLTA!
Remember that NYSE is closed on Friday. Therefore, just two trading days to go.
GLTA
Gold up this morning: 1193.8 rigth now!
http://www.kitco.com/charts/livegold.html
GLTA
Any comment on the "Note indenture consent solicitation"?
banro-provides-update-on-note-indenture-consent-solicitation
I don't understand its meaning, sorry
GLTA
$RGSE: Anybody knows the reason behind this move?
I couldn't find anything.
TIA
I was trying to buy 30k at $0.15 but got filled just half!
GLTA
January 2015 presentation uploaded to Banro webpage:
January 2015 presentation
And BAA is down +5%!!!
When will this change??
We need a positive PR as soon as possible.
GLTA Longs!!
Good morning!
Gold flying ($1197), enjoy the ride!!
Kitco Live Gold
GLTA
Interesting interview with John Kanyoni, Managing Director of Metachem Sarl and Vice President of the Chamber of Mines, FEC, DRC.
http://www.ipad-drc.com/Pages/Detail/14180
He highlights Banro's activity in the following questions, but the whole interview is interesting:
"5) You are chairing a session on Gold Mining in DRC at iPAD, can you give us some background on this sector of mining?
The Gold Mining is one of the fastest growing sectors with two big projects as Kibali in Province Orientale and Banro in South-Kivu and Maniema. Kibali is considered as one of the success story with an ambition of producing 15 MT next year....
6) What are the investment opportunities in gold mining and production?
The outlook for future remains positive as there are many opportunities in the gold sector as earlier mentioned the two success stories of Kibali in province Orientale and Banro (Twangiza) in South-Kivu and Maniema (Namoya) ; if we compare to last year for the same period the production increased to 197,6%; Please refer to latest report posted on the website of Chamber of Mines which (www.chambredesmines-rdc.com)."
GLTA
Sorry, it didn't work when I posted!!
Are they updating the News Releases webpage? News coming?
news.banro.com doesn't work...
tic-tac-tic-tac...
GLTA!!
They are placed between Twangiza and Namoya.
Check the map: http://www.banro.com/s/Properties.asp
Expect production news and Namoya update to be published simultaneously on the ninth October (or before).
GLTA
Banro Comments on Market Activity
TORONTO, ONTARIO--(Marketwired - Sept. 22, 2014) - Banro Corporation ("Banro" or the "Company") (NYSE MKT:BAA) (TSX:BAA) wishes to comment on the unusual market activity and volatility of its common shares experienced on both the Toronto and New York (MKT) stock exchanges on Friday September 19. The Company continues with the plans set out in its August 18, 2014 press release and has no news pending at this time and no material changes to report.
It came to the attention of the Company that there was a rebalancing of the GDXJ Index (ETF). A market announcement regarding this was made early in the week of September 15, 2014 and the Company understands that the transaction(s) closed on Friday September 19, 2014. The Company also understands that this ETF held approximately 25.6 million Banro common shares prior to rebalancing.
Banro Corporation is a Canadian gold mining company focused on production from the Twangiza mine, which began commercial production September 1, 2012, and completion of its second gold mine at Namoya located approximately 200 kilometres south of the Twangiza gold mine. 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. Led by a management team with extensive gold and African experience, the initial focus of the Company is on the mining of oxide material, which has a low capital intensity to develop but also attracts a lower technical and financial risk to the Company. 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 plans (the "Plans") set out in the Company's August 18, 2014 press release) 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: failure to complete the Plans; 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 those indicated by the metallurgical testwork carried out to date (there can be no assurance that gold recoveries in small scale laboratory tests will be duplicated in large tests under on-site conditions or during production); 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; the possibility of accidents, equipment breakdowns or other events resulting in interruptions in production; 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 information form dated March 29, 2014 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.
Last shake before the run-up or bad news leaking?
Let's hope it is the first option!
Fingers crossed!
GLTA
Will it close the gap @$0.204 today?
Should we expect a PR regarding these permits? It would be positive for the share price to recover after the dilution.
GLTA
14 new permits!
Go $DEJ!
DEJ NEWS Dejour Secures US$1.5 Million for Woodrush Development
Multi-Well Program Expected to Add Production in 2014
Financing implies dilution: positive or negative in this case? TIA
https://finance.yahoo.com/news/dejour-secures-us-1-5-235800858.html
Get Ready Lady Baron!!!!
DEJ retesting 52wk highs again
Will today be THE DAY?
GLTA
DEJ News out. Zack updates price target up to $0.51
http://finance.yahoo.com/news/dejour-energy-dej-zacks-ups-030000784.html
DEJ flying
DEJ flying
DEJ New Q3-2014 corporate presentation posted on their webpage.
http://www.dejour.com/company-news.html