The reason I think mines #3 and #4 will be part of the next dilution is simple....If they just diluted to pay of debt on mine #1 and #2....We would have 2 working mines, no debt and stock would soar.
Since the end goal is to sell Banro to the Mother Ship....This drives the cost of Banro upward. They need to keep things just on the level enough to avoid legal issues, but constantly on the brink of collapse to keep share price down.
Why not dilute shares more, finance #3 and #4 out of common shares pockets, making management look even worse, providing Liberty the fuel to justify "selling company off or get kicked out" propaganda.
Let's see, lets say they dilute shares again, say another 250,000,000.00 shares worth.
With a 10-1 split, we would have 50,000,000 shares.
That should cover the other 2 mines.
Now what would keep the price down through all of this. AFter all, we need to keep the shares low until the aquisition right?
Well falling gold prices silly!! Yes, gold must form a double bottom below 1200.
Remember there financing is based on 1200 gold right?
Ha ha, so what better than bringing gold prices below 1200.
But wait, if all this bull crap is just a setup to allow common shareholders to finance the 4 mines, only to have company bought out from under them, how would management know to set their finance numbers at 1200? How could the timing of all of this coincide with the gold market, and use gold prices within a time window falling below a predetermined level to allow a fast and cheap aquisition of a gold mine by China Gold?
How could the Canadians orchestrate all of this with the Chinese ahead of time.
Is the Gold market fixed?
ha ha ha.....what do you think?
