Banro Corp. fka BAA

[Techamental Logic]

Conversely, you saying it is inaccurate doesn't make it so. Thank you for reiterating my mantra that nobody can post a fact on iHub.

I think you are under the assumption that Banro can mine their way out of this. They can't. They will need to do something creative. Whether it be a JV, sell an asset or renegotiate their long term debt. Banro can neither mine enough gold to pay for fixing Namoya or borrow the money they need to bring Namoya up to 8,000 ounces a month.

I'm hoping for either a sale or a JV because I'd like to see Banro move up above a dollar and out of this danger zone they are in. They are in a danger zone because the AMEX is affording them a lot of latitude in keeping them listed at their current PPS. AMEX doesn't have a hard and fast $2 rule like NASDAQ but it does have a $1 rule that isn't strictly enforced. BAA currently has their blessing to trade at this PPS. That may not last forever so I'd like to see them short it up.

Renegotiating with their long term bondholders has the upside of allowing Banro to keep all of their assets! I'm not against that at all. In fact if gold were to jump over $1,430ish AND STAY THERE then I would be 100% for that strategy. The only problem is gold. LOL It may get there but it may not stay there. I'm hedging against that in the most irresponsible way possible...I'm buying blocks that I'll be able to flip in addition to blocks I'm holding at minimum to avoid short term gain tax.

So that in a nutshell is where Banro is at. They won't mine their way out of this but they are by no means out of options. They are flush with options and we are just waiting to see which road they choose to travel.