Banro Corp. fka BAA

[spencaround]

well #1 long as twangiza continue to produce like it does #2 Gold stays above $1200 an ounce
and #3 they continue to reduce All in Costs then yes cash flows coming in are sustaining the company on a weekly basis.
But what I'm wondering is what did they use that 10 Million+ on the last 4 or 5 months? Are they still running a cash burn of a million or two million a month? Are the preferreds being paid from this? What is the costs associated with CIBC and Kappes Cassiday and Associates ? Is that where it went to pay them?
Regardless their burn rate is increasing enough to eat up reserves...and Namoya fix is going to add to that going forward but at least they offset bonds and payments to banks till next year so they won't be going out of business...but this is going to take a long time to climb out of this hole.
They will have to either Raise additional capital by either issuing more debt(BONDS), Preferreds(more LTdebt to rich insiders)which they will have to pay a % and run the risk of them later selling shares at some point, or get MM's to move the stock price up to .50 maybe and dilute another 25 to 50 million shares to raise cash....
Two catalysts where they wouldn't have to do that: Gold goes on up over $1400.00 and ounce and stays over that then they wouldn't really need to do any of that.
Namoya isn't as expensive as assumed to bring up to capacity and starts producing higher throughputs then.. again they may not have to do any of that.

Wait and see.