Banro Corp. fka BAA

[Techamental Logic]

BAA is trading as if bankruptcy is likely but they have many options before going that route. I haven't read all the messages on the board so someone else may have already brought up the prospect of an asset sale.

Twangiza is rocking and should rock year round. A rocking Twangiza and a debt free Banro by selling Namoya would give management a chance to build another second mine. They may not even need to sell Namoya but instead sell the Namoya expansion. In their last mineral study Namoya shot up in proven resources which could be why Naomi mentioned that their next construction may be a Namoya expansion instead of starting on Kamituga.

I don't want to see them sell an asset but I'd rather have them do that than go bankrupt so that the bondholders, chiefly BlackRock, get everything cheap.

I think the only way BAA goes bankrupt is if they are forced to.