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Re: jhnvtjll post# 6508

Wednesday, 07/23/2014 5:52:06 PM

Wednesday, July 23, 2014 5:52:06 PM

Post# of 63744
Mark this post! I think Banro was warming up the PR machine this afternoon. I thought for sure there would be more but I guess they are giving investors a last chance to jump in cheap. There will be more and BAA is going to jump close to 50% (.40+). Here is my logic as to why.

The PR stated that they are bringing in Kappes Cassiday and Associates (KCA) to figure things out. They aren't even going to be there until next week. This totally throws Banro's whole short, medium and long term plans for Namoya (released July 9th) out the window! They don't know what they are going to do with Namoya yet.

That is a clear signal that they are doing something other than just addressing the Namoya fine particle issue. Banro is going to release something else before Q2 fins are out in mid-August and BAA is going to jump over .40 when they do.

Naomi said they were working towards putting something out prior to Q2 fins. They were not working feverishly on a PR saying they were bringing in a mine engineering firm to assess a problem that is currently estimated to cost $22M.

They are working on something else and BAA will jump when they release it.

Mark this post!
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