Has anyone tried to contact Gold Holding lately? I recall that one user had posted they had called and talked to someone a while back, but I don't remember who that was. I emailed Gold Holding a couple of weeks ago, but I have heard nothing back. I just sent another email tonight, so we'll see where that gets me. Gold was over $1300 when this agreement was initially announced, then had dropped to the $1200 range when Gold Holding "sweetened" the deal for the extra 500 ounces. The next day (after that 11/4 PR) gold nose-dived. Maybe at that point Gold Holding was looking to sweeten their deal even more?
My emails to Banro have been returned within 1-3 days by Naomi. While her email responses lead me to believe the hold-up is on the Gold Holding side, maybe Banro is the ones dragging their feet? Does anyone know what they needed the $41M for at Twangiza anyway? I thought we were good to go there? Take that into account with the fact that Banro had a great Q3, what if Q4 is going to be even better? What if Q4 is significantly better? Then does Banro really need that $41M?
As for Namoya, what is all of the $80M needed for? In the last response I received from Naomi, she said that none of that $80M in funding was needed for the changes to bring Namoya to commercial production by adding the agglomeration drum. She said that Banro has the money they need to make the changes they need, and that those changes are underway.
My final research of the night was just to do a quick check of other junior miners to see what their institutional ownership was. I checked 5 or 6 of them, and BAA's 26% Institutional Ownership appears to be right in line with other junior miners. Yes, it's lower than it once was, but it isn't 0%.
AI
