My best advice...do your own DD.
Nobody knows when or if BAA is going to move. BAA has a massive debt problem. We should have the same information as the institutions and funds. That information is Banro could spend another $8M this quarter and $6M for the next 2 or 3 quarters to fix Namoya on top of the $8M per quarter they already pay for financing.
Banro has confirmed their production targets for the 2nd half of 2014 and 31,000 ounces is the middle of the road. We still need to hear what KCA has to say, maybe they can find a less expensive way to fix Namoya. Institutions rarely invest their clients money on a possibility. They are using the math below which is why BAA is trading where it is.
$16M / 31K = $516 per ounce on top of all-in-sustaining-costs. It is very unlikely those all-in-sustaining-costs for Twangiza and Namoya combined would be under $900. The $900 figure is a very, very optimistic outlook. Even at $900 BAA would need to sell their gold for $1,416 just to break even.
BAA needs either one or a combination of these three things to happen. (1) Gold goes up big. (2) Debt refinanced so Banro pays less each quarter over a longer period of time. (3) Pay off debt via an asset sale, JV with cash rich company or something else.
Regarding accusations of multiple accounts. That is an iHub TOS violation that will no longer be tolerated on this board. If we don't address this ourselves iHub Admins will step in and begin policing us. When that happens far more messages will be deleted.
