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The debt due in 17 months will become the can that gets kicked down the road, it's not going to stop Banro just another hurdle to overcome. It may end up costing Banro twice as much as original estimates, just like everything they do, but it wont stop Banro!
Banro needs to drop the Corporation from the logo..... Just call themselves BANRO This, looks, sounds, and feels much better.
Who ever said I didn't like? I am fully invested in Banro, I truly love Banro. you must also take and accept the good as well as the bad. Sitting here and discussing all the negatives can only come from pure love and understanding. Most of the comments are here are by fly by night traders and pumpers who think opinions make a difference in chat rooms. That is the farthest thing from the truth, A true investor sees the issues and want's them discussed and out in the open for dissection. Some call that a shorter, some call that a hater, it's all a matter of perspective. I'm invested in Banro, I have a right to discuss positive and negative aspects.
Not only that, the Platinum sponsor spot was not well executed. Look at the size of Banro's logo compared to the others, much smaller, even though they paid more the result was less significant... Another hiccup? Another mistake? mishandling of simple tasks that make all the difference in the bottom line, obviously nobody there is paying any attention to the details....
I'm upset with the performance of Banro, but the 175 million due was never borrowed for expectations of gold at $1800. Most of the forward projections at the time Gold was high, the projections were very conservative at $1150 however the loan for Namoya construction was higher up to $1300
I might be upset and clearly outlaying our potential headwinds.
But i'm still holding all my shares. And hopeful for a positive outcome.
Now what bulls? Gold down, volume down, where are all the buys and support in commodity price? What about that looming political risk? The forward sales where we produce to pay down old debt.. What is left for the common? What about the impending de-listing, oh we can't afford a Investor Relations department any more.... Oh the woes.....
Arnold's purchase is only equivalent to $1445.00 USD Insignificant for the founder of the company. It's actually scary that he only bought 8500 shares and not 850,000 shares. Looks more like a standard whitewash to make the picture look good, but no intention it actually will get good. We need to see follow-through purchases and other executives to follow suit otherwise reading these facts like they make a difference is a waste of time and misguiding potential investors.
Maybe this week Gold will sparkle but Banro is like a cadaver DOA.... no pulse. The politics that give us a profit or a loss are hanging in the balance by a DRC dictator who is quickly losing his grip on power. Even if Gold goes higher, we still have the political risk hanging overhead like a dark cloud until the elections are over at the end of November..... Expect headlines to the nature of riots and armed forces opening fire on protesters. That is what happened last election, I was there for it, the stock price crashed then, and I see no reason why it would soar when election chaos unfolds this time.
Its the French who want the resources of the country, they pay for and try to implement puppet dictatorship in opposition to the current one, then change all the rules to put French companies and businesses on top. All the while promising these changes will cure the DRC woes. These politics have been going on in Africa for over 100 years.... It's nothing new, tiny amounts of research bring all these stories front and center.
I know the historical context of the politics in the DRC remember I founded this board, I have been studying the situation for years. I know about the current political parties and the opposition. I understand the politics of who is vying for power and what is at stake especially mining royalties opposed on foreign owned companies. The political climate has the potential for total unraveling. The president is viewed as illegitimate by the public even by the current Obama administration. Banro has a sweetheart tax deal only with current ruling party. If the status quo changes Banro is in big trouble. Currently the president of DRC is going on 14 years like a dictatorship. The situation has a current and pressing danger to explode. Thats a simple fact. I rather not sing the song high hopes and act like a Ostrich! Not bearish here just stating the serious risk I read in DRC headlines on Google news!
Banro is flopping like a fish out of water now, gasping for air, just look at the chart, we have been impaled by Vladmir the Impaler!
I know upcoming elections and the fact that the countries leaders and officials are quitting government positions to start a potential coup is a major problem affecting share price and volume..... Company facts are important but the national facts that govern that company can easily trump and overshadow the company specifics.....
Geopolitical risk of president Joseph Kabila extending his illegal 14 year term is too great. If the French backed opposition gets in power of the DRC, Banro could be forced to pay such a high tax that the equity gets wiped out. That is a very serious threat to Banro and it's on the table, it's all political risk you can read about in the news every day. In fact its a major headline but you don't read about it on this board for some strange reasons! I have to say I have turned highly negative on this stock in light of everything that has taken place recently. Why won't it move higher on the prospects of higher Gold price, this does not bode well... Today we should be jumping! But we are flat-lined with low volume... There should be sparks flying.
Banro getting killed by automatic trading algorithms! You can do all the research in the World, make all the cases for owning this stock you want, but the bottom line, is we are under the thumb of the big players.... It's .17 cents because they want it to be. I suspect they expect a drop in price a Gold, then at .17 they can rape the common further and dilute us..... Makes sense why Simon Village stepped down, heck, this company has been nearly totally replaced in the last 3 years, and still can't get any traction. Talk about even throwing the kitchen sink but still no response. Buying Banro stock and hoping for it to go up is like expecting Kermit the Frog to beat a T-Rex in a death match.....
Major boost in price coming, move already started in the sector!
So does Naomi Nemeth still work for Banro? And why in the World would she accept another position elsewhere, this sounds very peculiar.... What does it mean for Banro?
So is it going to be a 10 to 1 reverse split?
Reverse split coming.... NYSE sent Banro a letter of compliance....
I founded this Board I created it over 5 years ago, this is my baby, why was I removed from mod? How could this happen and why?
I CREATED AND FOUNDED THIS BOARD!!!!!!
what happened?
There are investors buying Banro that don't understand Banro. They see the headline numbers and see risk and are forced to sell because of emotions or stop losses or a combination of both. We can see this is evident in the major sell-off fueled by the balance sheet accounting write-down of $50 million. There are big hands invested, seeing that number spooked them, simple as that. Call it a margin call, or call it whatever. You can read into this all you wish, and try to deconstruct the data, but fact of the matter is some people just see a 50 million loss for a company with 165 million debt, and they sold, regardless of the actual facts and the future potential that write down could have to positively impact the bottom line. I get it, and I'm getting more popcorn too, because things are getting really exciting!
Did you get the memo? POG creeping up!
The human talent and input, has been greatly overlooked. We have a dream team currently at the helm, individuals with long track records of success, John Clarke is a mining genius. Banro may be one of the more challenging companies, but the current trajectory to date has gotten us awfully far to this point. Not to mention that trajectory has recently been expanded outward at a major clip with Namoya and the new fleet also 14 years reserves and growing. Don't count out the human factor, its the creativity, experience, ingenuity of the management and the hard work of the boots on the ground that will bring Banro shareholders success. Respect the management, for it's their knowledge, expertise and skills we need for increased share price. Don't count them out, most investors here I notice just look at past numbers. Just focusing on past numbers and leaving out the human talent is a big mistake and if you do that then you are only looking at part of the whole, not the Banro entity in entirety.
2nd positive, Organic growth will be possible with Namoya. That means no more debt, no more dilution, and multi dollar share price.
I look forward to Namoya forging Gold bars day and night.
I can't wait for Banro to start minting their own coins for investors, I want to buy directly. Banro is much bigger than anyone here would lead you to believe from the recent comments. This opportunity to invest in shares now is greater than it ever was!
The last 7 years holding Banro stock have taught me much, I have witnessed thoughts and dreams of management turn into the success Banro is today, yet it was also fraught with many setbacks and some mistakes big and small. But here we are today Banro still standing, somehow they spent nearly a Billion dollars, and guess what they are not broke. What I see as a Golden lining is 165 million debt ( even though by some miracle they spent many many many times that), 2 operating mines, decades of reserves, a full pipeline of expansion lying in wait, and Congolese who are proud and happy to have jobs. Now we finally have a great management team who knows how to use accounting, take the loss now and set us up for a gain when it turns. What I can say is I am more confident in Banro now then I ever was. Many times in the last 7 years hurdles have come and every time Banro has jumped them. Now with Namoya coming on line the finish line is in sight. Namoya can make Banro financially independent and can give us the fuel to grow organically. Get excited my friends, its time to get very excited!!!!!!!
All the shorters, now is the time to come out of the woodwork and signal victory, better get it done now, because it will be short lived. Banro is going to ride hard with a vengeance!
BAA LONG AND STRONG!
3 posts you make and your name sounds just like keyotte! And now you are praising him, HAHAHA this is alias of keyotte! How about the next one " Keyotte is the greatest, i learned trading from him, I wish he were to run against Trump for president and hopefully take control of Banro and shut them down based on fundamentals as they should of been closed long ago.... LMAO! This is too good! Bash the Blue while your at it LMAO!!!!!!
Twilight zone, down 12% on nothing, WOW!
Transparency! Clarity! Visibility! Honesty! Accountability! How about that for why BAA management did the impairment charge.
BAZINGA! Gold Back on track with a hard rebound!
careless misinformation for ratings and drama!
I dont ever remember saying that, but possibly, I know you were just totally wrong where you said the decline in gold is from Asia, but this is the late day London push at the close to drop the spot price. The chart is clearly on this board and the information of POG is posted in real time, so I'm wondering what your trying to pull misleading information or your just misinformed or don't care.
Now it the time to step in here with a big buy, opportunity is knocking! I will take the other side of that trade any day!
Go Banro
Long and Strong!
London is the price fixing house, com-on where have you been?
That is what the charts and history tell us certifiably. You can for the most part state that as a fact, regardless of Banro's success, income, profit, debt, management etc... All that matters most is POG.
Volume is low, well under 1% of float recently. Cant take these prices or moves on this super-low volume with much merit...
POG Take-down identical to the one on 8/14/15 This is the manipulation showing up again, attacking Gold as if it's the enemy, LOL
I would have to agree somewhat, but not totally. Yes Banro is swinging for the fences, but as a long timer myself, this attitude is nothing new, Banro never would of gotten off the ground back in 1996 when they were awarded the largest single controlled gold zone in the World, larger than the state of New Jersey! Its the no holds barred attitude that I love about Banro that gritty determination and success at all cost that I feel will propel us back to the top of the World and miner sector when Gold appreciates in value. If they were Get rich or die trying they would of been long gone by now...They have been around for 20 years and counting.
Dear keyotee, I see you are shorting Gold futures. So what is your point negatively commenting on Banro? is there a specific reason why you are crusading against this stock? Is it for confirmation that your short is an accurate call? I have a hard time understanding and I'm sure others would appreciate a honest reply. Thanks