Banro Corp. fka BAA

[spencaround]

ITs pretty simple ...

Banro needs to produce "more" gold now. They have the deposits and the permits and with spot gold price decreasing all any Gold miner would have to do is just increase output to up revenue. In there lies the catch 22 for banro. They lowered production for this year because of Namoya and the upgrades to twangiza are yet to be tested...so...thats still debatable that twangiza will hit projections.
So with all that locked even though they have been consistently lowering all in costs..the price of spot gold by decreasing is taking the icing off the cake essentially. This in turn gives no positive catalyst to the PPS'S current trend. All technical aspects are really out of play since the fundamentals are still trying to be corrected. All the financing and debt does is add to the years that it will take banro to correct and the PPS to go up...that timeline is effected by the speed of operations correcting,costs and Spot Gold price rising/lowering ...that about it.