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The problem is Banro has plenty of interested parties , but no clear well defined leader. Sure Clarke does his job, but we need an outspoken leader to boost morale and perception of the company. It feels like we are on a ship, but without any destination.
let's look as the glass half full, maybe he is trying to drive down the price to obtain cheaper shares? dangerous to see this take place, the only good is if he is doing something bad? crazy.... no good excuse for it.
CONGO MAKES BATTLE PLANS TO RESCUE BANRO HOSTAGES.
What is up with this article guys?
CONGO-K : Authorities make battle plans to rescue Banro
Africa Intelligence (subscription) - ?May 8, 2017?
At the end of April, interior minister Emmanuel Ramazani Shadary met with Pascal Tutu and Marcellin Cishambo, respectively governors of Maniema and South Kivu, the provinces where Banro mines gold, as well as the governor of North Kivu, Julien Paluku ...
Damn right we are mining in a dangerous place, now get those guys out safe!
GO BANRO!
BAA Long and Strong!
You can cry cry cry it's not legal, but it's just what is taking place, go ahead and extradite a Chinese citizen for stock fraud! Ha!
This is just what I said would happen, the Chinese will sell shares on the open market to keep the market cap low and force bankruptcy all the while shorting the stock. They lost money investing in Banro, now the only game in down is shorting it while it goes broke. Either way they end up making all the money back, plus they get the company when Banro defaults on the 200 million loan.
Sadly it's just like it looks, Martin is retiring to save face, the other jerk Maurice Colson sold all his shares all at once years ago. Now the new member of the board who is part of the Chinese group you guys are calling Banro's saviour is selling his shares? It can only mean one thing, they already have planned bankruptcy for us and the new owner has been identified. All common shareholders will be wiped out, the new owner who picks up the 200 million loan default with walk away with all the Gold and the profits. Nothing left for us. If there was anything left for us and they cared the Reverse Split would have been done by now.
we are royally up shits creek if this is true
This RS can't come fast enough!
I see a bottom in place.
So all we have is a prayer that gold goes up.... Living on a prayer and expecting miracles! There is no guarantee that Gold will go up... Or the stock would be higher and reflect that.... Roll the dice baby, this is the stock to own GO BAA!
Maybe... unless they are really giant blood sucking leeches or vampires in disguise. We need to see profits, only profits will allow the refinance of outstanding debt with-out additional dilution. We need that Reverse split to come..... Yesterday. What is the holdup?
BAA is the most undervalued producer with a pipeline of untapped reserves.
Is it 3 cents loss and 17c year before or after dilution? And where do we stand when the deal closes as expected this month? Your quoted figures are off at least 60 % . Last years numbers are abstract considering the deal currently being processed, where do we stand next month as far as earnings per share, that's the important data set. It looks to me with the new share structure about a penny a share loss and 7 cents earnings per share. Where is the path to profitability here? How can they pull it off? If the current forward PE is 2 times gross and let's assume they can make 2 cents per share next year we are sitting at a PE of 6.5 with the current stock price. Now the average PE for Gold miners is 11 to 22 so if Banro comes back into favor we can see appreciation of the stock to a possible valuation increase to a PE of 22 this would mean a top price target of .44 cents per share is a reasonable price target here. Currently Banro us undervalued even with taking into account the new structure and addition shares.
This talk of a Hydroelectric dam scares the heck out of me! How are they going to pay for this???? I read the press release, but they dont mention financing or funding, and who are the other two parties investing? And what is the reason for investing with Banro in this Hydro-electric dam project? I understand operational efficiencies, but those can only be netted long term, and Banro has big lump sum loans due before any operational efficiencies can come into play, it sounds like a sure way to go broke, I don't know how to take this talk of building a Hydroelectric Dam. Can anyone explain to me how it makes any sense, and how Banro can make money if going another 100 million dollars into debt here? The dozers still need diesel fuel, all the equipment still will run on diesel, its not enough saving off the top line to pay for the reduction in cost..... Whats the plan take a interest only loan with another lump sum payment?
Yes I agree this is the best outcome, but just to be prepared for all scenarios, Do you know if the new shares will hit the market? Are they trade restricted? Or can they be sold anytime the deal closes?
Technicals show we now need to form and break a consolidating wedge here below the 200 day moving average. Low volume today on good news tells me so...
Nobody here but crickets, makes you wonder if the past posts were real or a paid stunt. How can activity be so low after being so high,whats going on, am I the only one to notice?
"I honestly don't think there is enough volume to take this down any further." I made the previous statement on March 3rd and it still rings true today.
We need the CEO to play a greater leadership role. Its hard to determine who is in charge and certainly the directors have their own ulterior motives. I think we need a more positive attitude and charismatic leader. Too bad Simon Village was asked to resign, at least he had charm and was passionate in his presentations, always optimistic. It's been nothing but down since he left, when and can it ever reverse?
Trading volume and investor activity way, way down!
I honestly don't think there is enough volume to take this down any further.
I think the bottom will be Monday watching how this is currently playing out, the violence combined with the dilution, makes today going into the weekend the lowest point imaginable for the stock. Monday we open up down on the negativity that depressed investors over the coming weekend. Then the low will be in.
Funny coincidence this happens at this time after years of peace. Someone inside trying to crash the stock I believe by hired thugs to bring down the stock price further. All too much of a coincidence. I don't believe this is random violence, this is organized crime and violence. Banro was attacked twice since the restructuring. It could be the debt holders, let's not be so naive! Wake up!
Smells like a stunt to crash the stock perfectly timed.
I have witnessed this happen with Ocean Freight OCNF it was a nightmare! The debt holders get shares and sell them on the open market while shorting relentlessly, very scary to watch! We must stay vigilant to any of those debt holders shares being sold. I hope that because the positions are so large that they have to notify the SEC for each trade, but i'm not too sure about all the rules...
So what is the best Reverse Split number we can hope for? 10-1 or 20-1 ? We need to stay above $1 so if we do a 10-1 at the current price 10x 0.129 that would put us at at about $1.30 still a bit close to that $1 threshold to maintain listing compliancy. And if we are lucky enough to get a 20-1 at the current price 0.129 x 20 we are sitting at about give or take $2.60 per share. Im figuring we wont ever trade below 50 million market cap so this reverse split should position the company and it's common stock to be in a position to trade higher. Thoughts anyone?
I'm a long, not a short, always have been read my posts! And i'm seriously thinking its about time to back up the truck and load this baby up! I'm just waiting to hear news about the hopefully pending Reverse Split. Because if no R/S then we are probably getting delisted and then we will see pennies.
The big problem with giving the DEBT HOLDERS 700,000 million shares. There is not enough volume to absorb them if they choose to sell any on the open market. This gives the power to the people who want Banro to fail, so that in 4 years force default and own it all. If the debt holders sell any shares, it's going to be like a 10 ton weight sitting on the stock price. Do the math, take the average daily trading volume and see how many years it would take to sell 700 million shares. Theoretically they can keep selling shares and short this baby to oblivion and make many multiples of the investment on both sides of the trade now. Long or short its a profitable play for the debt holders.
Maurice Colson is shareholders enemy #1 let me run into him in a dark alley please God!!!
China wins they want Banro and have officially set deals that will make it a reality. China is driving the car now. Stop wondering what it is Banro is doing... They are begging for more money from China and giving away our company. Yes Banro has top World Class assets. The gold zone they own is bar none. But when did you hear about them making and new discoveries? They are playing down the potential and focusing on problems, it's a failure of faith and positive thinking. Regardless of what Banro was, I don't have any faith that they want to do the right thing or develop theses assets. They want to cut and run for a quick buck, they are frail fragile people who visited the DRC once and called it quits running home to a nice cushy sofa. And making deals with China by email and phone. Sickening what has happened here, sickening!!!
I don't like the deal because my hopes and dreams have been officially smashed by the deal. I'm still holding because I'm finished, it's the last investment I will ever own in stocks. I either make back my money, or loose it all, already down over 90% here, what's the point in selling? Banro sucked the life right out of Me, I don't have the heart to start all over again. Doing much better in Florida real estate to spend any more time and effort on companies like Banro. This is not the first time my company has gone belly up. Good Luck to you all but China will end up with Banro and take it private , mark my words. And your right I'm still hanging on thAt last ounce of hope and not selling, just because I have too much pride, it's like going down with the ship, oh well it was a fun ride guys, sorry it had to end this way.... :(
Oh contraire, if the debt holders just bought up most of the company this time what do you think will happen in 4 years? Banro can't make 200 million unless gold is $2000 an ounce or higher. You are delusional if you think the deal will not happen again in 4 years then the current shareholders of today will be down to 10% of the company or less. And if gold price falls, you can just forget about anything period. It's a big risk. The debt holders are greedy they want it all to themselves and they keep giving Banro increasingly more money under worse and worse terms for us shareholders. Are you asking we have faith in the crooked scheme playing out? Makes no sense, they already sold us up river and now they want Banro to fail so that they can double down in 4 years and own the whole thing! We are witnessing a hostile Chinese takeover in the making. Shrewd businessmen. And they already are in bed with the board of directors we are up the creek with no paddle.
The most sickening thought I have about this deal is that someone working for Banro or multiple people involved received a bonus or commission for completing the refinance and the gold streaming deal. These people should be identified and hung in public by the shareholders. I would like to see their eyes pop out, string them up! This is criminal! Who on the board benefited from a bonus or commission? Where do they live? But you know revenge is a dish best served cold, let it die down a bit, then we have our revenge!
Makes no sense, this deal could only have been constructed by paying and dealing under the table. I guarantee that insiders who developed this scheme, maybe years ago are banking on shorting Banro stock, and this was the plan they had all along. It's much easier to short and lie than do the right thing and earn a living for the company. Sleazy lawyers and businessmen have committed a fraud of enormous proportions. The shareholders loose everything by this refinancing. I knew I should of left when the CEO resigned, that was the moment in time that will haunt me. I just had a feeling that evil was at work. I can't believe Banro did this to us, incredible.... all confidence has been lost... I would like to buy shares here but with another refinance in 4 years.... Just the thought takes all the wind out of the sails. I wish we can find positives, but that damm 4 year refinance is going to be like a ton of lead holding down stock price. It's going to be a short to the moon play now. The good thing is we may get some nice runs from shorts covering... but it's not the the narrative you hope for a company you have been invested for into years!!!! I'm in too deep to sell and my only plan is to double down, but at this point I need some clarity. We have two or three new board of directors coming online. Let's see how good a job they do running up to the next refinance.... But overall Banro needs more and more and more and more money, they keep telling us everything is going great, production will make up for it , build build build, dig, dig, dig, but then they keep surprising us first once a year we need money, then twice a year we need money. Where is it all going? How can you be that bad at planning, unless like others believe as I do they were lying to us for their own personal and private gain. They don't care about is only themselves, we have been sold up river by crooked manipulating business men, I bet the Chinese are behind this. The money trail leads to China and so does this mindset of business.
Way to keep the glass half full! I am getting funds ready to add to my position once the dust settles.
I remember a time not long ago you said otherwise, but I have to give you credit this time you saw something we missed. Dont let it get to your head, its very unattractive, and gives us the impression the trade is about to go the other way, maybe Banro is going to have a blowout record production number or something, right before the Reverse split announcement and this takes off.... you never know, what else can we hope for?
They had this planned, they had to know all along and were making deals under the table and playing favorites, while the investors were in the dark and left holding the bag. This is just about the worst outcome any investor could of imagined from the narratives we were given. There was no reason to do what they did. Serious conflicts of interests are going on with the board and its big investors and the common investors were written out of the script. This is a cowardly path the board of directors have chosen. Banro needs new management. I don't see how pushing out this loan 4 years will do anything, if these are the type of deals they are going to make, no investor will ever drop another penny into the company. I feel like Banro making this deal is throwing in the towel and giving up! How can this make any sense, they could of just done a R/S and sold notes or more common to pay off the loan. I never heard of issuing a 70% dilution to refinance with only a 4 year extension after the 2 decade history of the company. Leaving all the investors along the way up the creek like this. Incredible, just incredible, why ,why ,why ????????
Interesting.... what is fair value? What is the market cap? Does anyone know these answers? What happens in 4 years when the bigger loan comes due? Pretty much we are screwed unless gold goes up significantly right? I'm surprised you are calling a pivot point or ready to buy. I'm pretty sure I'm the longest , long here, and I'm feeling pretty hopeless. We should of supported the hostile takeover of the board, the current one sold us up river. What happened here is worse than the corruption in small town politics.
So you just said you are about to go Long here? Never thought I would of heard this!
The worst is over, I expect this is a floor beginning to form. I hope we get a reverse split.