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spencaround

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spencaround

Re: None

Friday, 08/15/2014 9:03:59 AM

Friday, August 15, 2014 9:03:59 AM

Post# of 63744
A better quarter except for Cash on Hand and Namoya Speed


At the close of Q1 we had a cash position of $17.4 million.
http://seekingalpha.com/article/2217973-banros-baa-ceo-john-clarke-on-q1-2014-results-earnings-call-transcript?page=3

Cash and cash equivalents of $6.5 million at June 30, 2014 ($4.5 million at December 31, 2013)
http://finance.yahoo.com/news/banro-announces-q2-2014-financial-002505316.html

Other than that they lowered all in costs, Twangiza produced more despite April reducing production.
Still lost a penny but it could have been a lot worse. So ...still a wait and see. Gold Spot not an issue anymore even below $1300.00 an ounce since they continue to lower all in costs consistently. IMO
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