Banro Corp. fka BAA

[spencaround]

From what i interpret is that he was wanting to express that the rains were heavy and that they were severe enough to shut down production...that being said he stated there were times when they hit 1.7 million tonnes ...and it sounded to from what i heard that Twangiza is pulling out enough Gold to pay for everything... i dont know if he overspoke or i just wanted to hear this or what but when the analyst pressed them a little they were like very casual and were like if we meet our targets there are not going to be any issues. I also think Namoya is coming up to speed faster or they are finding high grade gold right on top or something causes if we look it over they doubled their reserves since january,met all obligations up to now and apparently had to shut down twangiza for a few days or a week or something I'm guessing.. now I'm not jumping for joy because they had to borrow again to finish but evidently Simon Village must have been going and playing poker or something because all the previous cash raises got spent and i know the ones in 2012 and the beginning of 2013 were suppose to finish twangizas second phase.... Dr Clarke has done what he felt was best and now that twangiza is done we see the costs dropping already in the 4th quarter of 2013 several hundred dollars an ounce...so i think the first quarter they found enough at namoya when the opened it and i think twangiza is doing better that they thought...in the end if you stretch this out a couple more years with the profits and gold rolling in month after month from both mines they will be able to buyback stock in the future, pay a dividend, do all the things we have hoped for...i also know this much when gold was rising to 1900.00 that no one cared about anything they were doing or had done and the stock was $6 a share and we had a CEO that seemed fast and loose with timelines. Now Gold is rising again...you get the feeling the market and the world economies are getting ready to collapse and Banro has twangiza up to maximum capacity and going and namoya coming online anyway now.... the impression i got was even though the rains were bad we still pulled respectable numbers out.