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Re: None

Tuesday, 04/07/2015 12:13:46 AM

Tuesday, April 07, 2015 12:13:46 AM

Post# of 63744
Banro beats again by 0.01, with consensus having been at -0.01. The financial sheet looks very good, a healthy improvement in all major parameters, including the all-in-sustaining cost and EBITDA (impoved 33%, this is huge). The 0.00 reading is due to the paid interest on debt (I wonder if this includes dividend on preferred shares), otherwise it would've been 0.05 per share on all-diluted basis!! Banro has been beating estimates for many quarters now.

Ask yourselves, how many micro-cap junior miners are able to break even in these market conditions? Not many! Much bigger operations are losing money on constant basis.

We will start getting much better EPS, once some of that long-term debt is paid off with some of that $90mln and Namoya is in its full production mode of 100k per year. EBITDA might grow another 100% and then the long-term debt will start melting away quickly.

We might get a pullback in PPS, because the hot money look only at EPS, but investors look at the whole thing. But I don't see it going below the support of .22.. Maybe .20 at the worst. Gold is headed to $1300 now so that should help the PPS.


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