Banro Corp. fka BAA

[spencaround]

Well i got stopped out yesterday at .38 & thats all i was willing to go down to
We should be sitting at a $1 now with gold where it at and with Banros all in costs where they are but everything that has happened this week is leaving us in a fog. All i can translate is that the New Namoya Mill is basically not able to work at full capacity and they are having to spend millions more to heap leach...but that isn't even the brunt of it. What gets me is that Dr Clarke just pops out the mess and then blames previous management? noooo no no he was there to finish Namoya which was started under Simon Villages watch..he should know what going on directly and if he relied on a field manager for bad soil tests....well...then he is not what i thought he was... Now like braised eluded to earlier they need 20 million they dont have and will take them over the top on their loans unless they pay extra in advance or take all the profit for the 2nd/3rd/4th quarter to pay for it.
Im looking at LSG now... they have got their internals heading in the right direction. But i will watch Banro carefully to see what happens. Still has the gold,the mines, and twangiza...lets see what happens. IF gold continues up higher then they just got a big break and its a steal down here. IF gold tops here and goes sideways then they will still get it right but its next year at the earliest, If gold goes down(which i dont believe will happen) then Banro needs to sell itself.