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Twangizas production .....
The annual average for a quarter ...
2015 ...... 33,883 ounces of gold
2016 ...... 26,109
2017 ...... 24.333
The second quarter of 2017 was the worst since the beginning of 2015.
With 19,588 ounces.
And that's why you cheer about the percentage increase in the 3rd Q compared to the second.
This comparison is not serious. On the positive side, Twangiza has again reached an average quarter. Not more.
There is a lot of international news. About Congo's mineral resources and still the poorest population.
The Congolese have internet. They see that, and also how to live elsewhere.
They can do little against the corrupt government.
So the anger is directed against the companies. In this case mine operators.
In the financial report, which should arrive no later than in 14 days, we will know exactly. It must be clearly stated.
I see that too. Well and unclearly formulated ..
It took time.
However, the company would have needed new capital by the end of the year.
The fourth quarter brings at most 40 to 45,000 ounces.
For this, Twangiza must remain stable and Namoya should work in December.
Rainy season must be taken into account. 3.5 months will not suffice where there are no deductions for gold sales.
This can help a little, 11,073 ounces of gold bullion inventory shown at June 30, 2017.
The total production for 2017 I estimate to about 175,000 ounces.
That would be 11.5% decline to 2016, with 197.691 ounces.
These figures compare with the respective gold price that Banro has achieved, I leave to you.
But I can imagine that additional costs arise due to increased security.
And certain costs for Namoya continue, even if it remains closed.
So your last sentence remains very important...
Oh Higher POG… where art thou!
Agree, there remains a lot to be hoped for
Yes, I am also positively surprised, because Twangiza
was really very weak in the last months.
Thanks for the posting.
Twangiza is a positive surprise for me. Namoya I did not expect better.
Thanks for posting
Banro has not been very much reassured has it ......
.................................................. ..................
agree, but I hope they are just overstrained. They have no PR people.
And when a Chief Financial Officer answers questions, there is a lack of staff. New indebtedness will be necessary, either way.
It depends on what you mean with bad outcome. The production figures?
But I can also answer with a fun.
The company needs longer to count because it is a huge production.
Seriously, maybe they want combine the announcement with another message, and they are still working on it.
he has written ... we EXPECT ...,
and I do not expect very good numbers.
Unfortunately also for the fourth quarter. They'll be pretty bad.
It is not a strategy if you want a company to do well.
Yes Hope is a wonderful thing in life.
Whoever gives up hope, has already lost.
I also hope for you. You can be more objective and nice.
Yes, I can share this view.
I wonder if Kabila's 'delay' is 'appreciated' by Western interests.
So much for your consideration.
Despite Kabila this was done ...
United Nations
Congo in the UN Human Rights Council
Despite international protests by human rights defenders, the Republic of the Congo has been elected to the United Nations Human Rights Council.
A total of 15 states were newly elected.
Previously, Saudi Arabia was also in this council.
Did you mean I should answer decently?
Or did I find the answer of Rory Taylor decent?
If you meant that, then yes. I found this very neat, and the answer came after 36 hours, exactly.
I was surprised.
Have I also decently answered?
Only when they have found a follower.
Which suits them. When that happens, he has to go.
Well, how do you like that! Decent reply.
Twangiza the mine in the mountains, a mountain unto its own. "well protected and strategically placed."
I knew that before. But whether it is useful if the access roads are blocked is a new question.
What is wondering why report is so late?
I have no idea about this. Why the reports come more often later
can also be at stress. This is certainly in the company.
And why does the Chief Financial Officer answer me?
Make yourself a picture, from his statements.
I accept it, do not see it as particularly positive or negative.
Let’s just hope both mines start producing what has been expected all along
Yes that would be good.
Hopefully the situation calms down.
It was also heated by the victory of the Kenyan opposition.
I think that the first-time cancellation of the elections generally strengthens other oppositions in Africa.
If Kabila would not delay the elections, the situation could relax.
thanks for reply
Hi Sio
I wrote three mails, also to J. Clark.
Now I got the answer from Mr. Taylor. After one day !
Hi there
Please see my answers below.
Best regards Rory
Is not Twangiza affected, in any way? Even though there are battles in South Kivu?
[Rory Taylor] Not at this point in time. We are well protected and strategically placed not to be impacted.
Why is there still no interim report on the situation at Namoya?
Is the situation the same? [Rory Taylor] the situation at Namoya remains unchanged; an announcement will be made when normal operations have resumed
And when can I count on production announcement for the third quarter? [Rory Taylor] we expect this announcement to be issued imminently
I thank you in advance for your prompt reply-
Chief Financial Officer
Banro Corporation
Suite 7005 - 1 First Canadian Place
100 King Street West, P.O. Box 419
Toronto, ON, Canada M5X 1E3
Cell: +1 416 859 6576
I did it, yesterday
I can not recommend a long position for the 4th quarter.
Namoya is in the 4th. 18 days closed.
With 8.5 days in the second Q. she already had relevant losses.
The link to my previous posting.
https://www.gov.uk/foreign-travel-advice/democratic-republic-of-the-congo
Still current at:
18 October 2017
Updated:
28 September 2017
Latest update:
There are reports of serious clashes between Congolese Armed Forces and militia groups around Uvira in South Kivu Province. The FCO advises against all travel to this region.
The Foreign and Commonwealth Office (FCO) advise against all travel to the provinces of Kasaï, Kasaï Central, Kasaï Oriental, Haut-Uele, Haut Lomami, Ituri,[color=red] North Kivu, South Kivu, Maniema and Tanganyika, areas to the west and east of Kananga including Tshikapa and Mwene-Ditu (as shown on the map), and within 50km of the border with the Central African Republic and South Sudan and within a 100km radius of the town of Kananga.
there are no letters in the mailbox.
until now I have no production numbers in the mailbox, from Banro.
Be curious when they come.
Something to relax
If Banro has not forgotten to bring news about reopening of Namoya, then it is still closed.
... update as additional information becomes available ...
Was apparently not yet available, seems so.
Now it is with today, Tuesday, 23 days since the temporary closure.
I do not blame them if the mine can not go back into operation.
But this is missing, an interim management report.
But the silence and stupidity of this management is becoming more and more evident.
How have we not got Q3 numbers yet, seems very late. Also pissing me off is lack of details about Namoya
Because Banro does everything with delay.
Also the update about Namoy.
I'm not surprised.
Am curious what Banro, BAA, tomorrow makes.
Now I know it and am no longer curious.
She went back to the provisional base. Has not closed the gap of the rise.
BAA and the black Gold story
The 01 story is clear to me, that is no longer a topic for me.
Interesting are the American presidents who stand before these monarchs
bow down. Trump as well, you probably know the pictures.
Trump made a list for states whose residents he did not want to enter the US.
Saudi Arabia was not included. Although from there the so-called terrorists 01 should have come. It can not be any more stupid.
Agree, with Abby Martin. But she has some interesting and also very serious
Reports.
I always use a lot of sources to get closer to the truth.
I'm glad you were interested.
Am curious what Banro, BAA, tomorrow makes.
Should the two undeveloped mines be negatively affected, this can be positive for Banro.
This Canadian company can now claim compensation from the US.
Producing gold there would still take 10 years.
The compensation for war crimes could, however, be rejected.
Because of lack of geography knowledge of the president.
So everything stays open again for Banro.
Then Kamituga and Lugwushwa quickly became active.
Namoya and Twangiza were not affected?
Will Banro rise on Monday?
Low valuation, I agree.
In the case of falling production, companies are punished.
The political situation has continually deteriorated.
Banro has certainly registered this.
So I explain the insider sales to mocking prices.
You're welcome . I appreciate the answers and your technical considerations.
I wanted to explain it to him, as you often did.
But there are people who do not love reality.
News from 28 September 2017 about the province
where Twangiza is. South Kivu province,
http://www.un.org/apps/news/story.asp?NewsID=57766
Twangiza was not affected. Hopefully it will stay that way.
Banro writes on September 25 2017.....
Operations at the Company's Twangiza mine in South Kivu have not been impacted.
I posted these two articles to show the background.
It is no small thing, and it is sprawling.
Background to the closure of Namoya 10 01 17
Nevertheless, local militia believed to be aligned with Yakutumba have exploited the army's weakness to expand into neighbouring Maniema province, where they have clashed with the army and forced the shutdown of a major gold mine.
Link
https://www.timeslive.co.za/news/africa/2017-10-01-congo-warlord-seeks-to-unite-rebel-factions-in-anti-kabila-alliance/
Thanks a lot. I will be careful.
I'm waiting for an unfounded high rise.
I only have this. 20 minutes delayed. Is there a Real-time link ?
Where to see several mines simultaneously?
Does anyone have a good link about current short positions of mines?
Gladly, not just realistic. Well researched, good, and dedicated analyzes.
It is not easy to find such people on message boards.
Thanks for the second reply about Insider. I had guessed.
I hope BAA will be strong played up.