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the 40 million was terms of the financing deal, it was not a option on the table.
Let me be clear, no bond payment or any financial arrangement is set in stone ever. they are always open to negotiations and interpretations and extensions and refinancing that can sent payments out years or decades. Dont stand here and try feeding us that negative BS, because that is just what it is. Now if gold drops significantly, it will come into play, that's it. What about the new fleet and Namoya expected 400% increase in commercial monthly production, those are factors you try to decouple yet they are staring you down!
New Fleet! Namoya about to go commercial! Man what if Gold goes up here, look out we are having a Major MELT UP IN STOCK PRICE OVERNIGHT!
No BK will happen, how can the parties collect, Banro is in the DRC. Even if they ever get to the point where they have no cash and payable accounts like they were in this same situation last year, nothing bad will happen, the terms get altered and the time frames get stretched out. The lenders know if they go BK then even they loose the investment. BK is a no option because of what they do and where they are located. Banro is a eternally all or nothing proposition. There is no BK judge over there to mandate or make any orders,
Banro will continue to operate profitably. I think the perception people have of Banro the history, who they are and what they do is incredibly warped by the trader make a fast buck mentality. When your stock goes the other way they throw a temper tantrum and throw everyone and everything to the wolves. BK is insane talk and speculation.
Its going to benefit us, when gold recovers. And that 50 million impairment charge can easily turn into a $150 million profit before any net profit from operations comes in. Its the nitro we need in out tank for when the tide turns.
Good comparison, I have been saying Semafo is the best comparison to Banro for years now! Nice to see you making the same independent interpretation of the facts. I think Banro can see multiple $$$ appreciation on the next swing up jut like Semafo did back in 2010 when it reached $14.50 a share. If Gold goes up to $1500, Banro is going to have a lot of free cash on hand and it's balance sheet will look strong. All the factors that are getting investors depressed today will just melt away upward and create a stock price that will make all this look and feel like a bad dream.
I bet those other miners have debt covenants that wont allow a markdown of assets on the books. What Banro did is negative for short term traders, but very positive for us longs!
BAA LONG AND STRONG!!!!!
bye bye, nice knowing you, do us all a favor king realist, sell and act like a tree and leave. We can handle all the highly distressed assets without your help.
That means today along with the entire gold mining sector we are stuck in the mud. Nothing to do but look forward to next week!
Touche my friend, the joke is on you! you have now been promoted to top keyotee position! This is no laughing matter and certifiably nothing to be happy for, realist/ or optimist, it all comes down to perspectives, yours sucks and mine is just right for me and most other long term investors here. You can stick to yesterdays old facts, but I know Banro is a liquid evolving entity and you cant tie down the future, even though you think you can by looking to the past, you cant, the future has not been written yet.
I would have to say I'm terribly disappointed with this opinion of yours. And I have no other option but to crown you Debbie downer in charge. Move over keyotee there is a new black cloud in town!
1 BILLION book Value! its not pie in the sky, but the crazy upside-down reality we live in of manipulated markets with unlimited money on the side of the money printing manipulators.
POG says we are headed higher much higher!
unreal! BAA Long and Strong!
Long term debt decreased substantially! And fuel cost are benefiting the bottom line! Things keep getting better with Banro and the DRC!
Earnings are super strong! Amazing, the loss was only due to a accounting charge against lost income from the mistakes at Namoya and production bottlenecks. Everybody already knew about these issues for years, it's only the headline number spooking noobs out of their positions.
It's getting HOT in here, time to add more shares!
BAA will shine on like the SUN! Forget the Moon we are headed for the Sun! Shine on Banro investors, Shine On! Glory is close at hand we can almost taste it! Soon we will be a runaway train unstoppable!
Currency developments are the kindling to light Gold ablaze!
I Will not falter! BAA LONG AND STRONG!
.29 here we come!
#Winning
Banro's goal 95% local employment!!! This adds tremendous credibility to what they can achieve, I so proud of being a Banro investor for all these years and now seeing the fruits of my investment paying off through the Banro Foundation as well as social and infrastructure improvements that are truly transforming lives out of poverty.
Banro Elevator UP!
Back to back to back, you just wait and see! Not a matter of if but when now....
I am with you! Coffeenut!
Banro is a deal of a lifetime here.
You know China has initiatives. They want to keep the Yuan low so they can export and keep the economy growing and keep people employed. If the value of the Yuan rises too fast this will hurt any Chinese exports because compared to Dollars or Euros or whatever the goods will become more expensive. China has previously set mandates to keep the Yuan low. Today's devaluation was done in an effort to devalue the yuan and lift exports thus improving the economy. Gold sales to China were much stronger over the last few years, however China released recently a report for the first time in years saying the Gold holding was much lower than everyone had anticipated. However this is manipulation by the government to artificially give the impression of a weak yuan that is not gold backed. However this is in stark contrast to years of Gold hoarding where China was printing Yuan to buy Gold and support the grounds for a future gold standard with the yuan. Because the Chinese stock market is in crash mode, China rather than stifling growth and releasing the accurate gold holdings manipulated the number to artificially give the impression of a weak yuan. China has come out and said it's goal is weaker currency, they have released false manipulated gold holdings in effect to weaken the currency. However they are lying the currency is actually very strong supported by the second largest economy in the World. So today Gold is going up because investors are scared that things in China are much worse than the numbers foretell. Even on the heels of a stronger dollar Gold is going up which is incredibly unusual and in stark contrast to street consensus if China were honest and truthful about the numbers.
Banro is part of a extremely complex system, for the most part stock price is not related to company specifics.
hesitation is called for on the heels of such a historic currency devaluation. This will affect Gold, and those buying it up today are doing that in contrast of what the word on the street is.
Today is proof, China was lying about Gold reserves being much smaller than they actually are!
Banro price moves are pegged to the US $$$$$$ Dollar.
Gold back over $1100 is a breath of fresh air entering this room! Things are looking good and this is a big change from what was expected by all the economic pundits calling for Gold to crash below 1K
BAA, Long and Strong, are you with me?
BAA is going UP!, Are you with me?
I'm still here, are you with me?
Its a situation that you have to let play out. The US increased money supply by 300% since the 2008 crisis. Right now US dollar is the safest currency because the rest of the World continues to increase money supply. If it worked for us they think it will work for them too. End result all currencies will be devalued greatly. How it's going to play out, and when? We don't really know because this never happened before. In the past this type of activity of debasing the currency by printing more always ends up in inflation. We know that to be the fact on a individual country to country basis. Now it's happening on a Global Scale... The fat lady will sing, but when she gets up on the stage is anybody guess, has yet to happen.
The strong US Dollar is weighing on Gold and Banro. Look at Gold priced in Russian Rubles its nearing $3000 an ounce if you convert the currency to US Dollars at current exchange rates.
you need to just have faith that Banro will make it through this rout in Gold. Facts are cost to produce is far below current spot prices.
priming up for a major bounce!