Banro Corp. fka BAA

[Techamental Logic]

By EOY I'm hoping BAA doesn't hit .20. I'm doubting right now that it'll hit .30 and I'll be glad if it doesn't. I'm not joking, or bluffing or using any type of misdirection. I want as many shares of BAA under .30 as I can get my hands on.

We just saw gold put up its second worst quarter since 2010 and BAA posted a profit! Junior, Mid or Major there won't be many gold mining companies posting Q3 profits. The fact that Banro did this while debt distressed, while dealing with a serious problem with their second mine, while Ebola is wreaking havoc, while dealing with all the DRC problems from water shortage to water contamination to violence to artisan miners to blood gold and once again while gold was at its lowest since May 2010 tells me everything I need to know about this junior miner.

On top of that the fins show that BAA spent $2.5M on Interest & Bank Charges in Q3. I'm pretty sure most of those go away once the financing is a done deal. So there is probably another $1.7 - $2M profit.

Now is as good a time as any to mention that by Q1 or Q2 of 2015 Namoya will be producing as many ounces of gold per month as it has produced in the first three quarters of this year. I'll wrap this up by mentioning that in the MD&A published by Banro today and available on SEDAR.com Banro mentions that they'll now be focusing on fine tuning Twangiza which means even more gold out of there each quarter for less cost.

BAA Long & Strong!