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Re: investorwisdom post# 5569

Thursday, 07/10/2014 11:44:16 AM

Thursday, July 10, 2014 11:44:16 AM

Post# of 63744
Just my opinion but I don't think Banro will even hit 100K oz of production from both mines combined this year

It is anticipated that Namoya average monthly production for Q3 2014 will be up to 3,000 oz per month and Q4 2014 up to 6,000 ounces per month.



You can barely get 7500 oz/ month from Twaziga, how can they be bold enough to predict those numbers, with weather and all on our side.

If I was Banro and knew the intent of the PR would be negative, and they assumed the PPS would have had a MAJOR negative impact (like 20% drop)...Why not play your cards and make the PR even more negative and say 2014 EOY forcast will only be 75K oz and surprise everyone with 95K Oz....etc (just an example)...if your going to take a hit on the PPS you might as well do it ALL now.

hmmm unless they thought that out already? who knows

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