This was Mr. Jones' response to my question on the wide range of analysts in both number and EPS estimates. After the Namoya announcement last year in July, they pretty much disappeared.
How many analysts actually follow BAA? I see estimates ranging from 1 to 4 analysts depending on the company. Schwab, Zacks, Yahoo, etc.
I still see an estimated number for $34MM in sales in the 2nd qtr but BAA has confirmed that there were 44850 ounces produced in the 2nd qtr that would generate $44MM+. I even see that one estimate is for a -$.10 EPS in the 2nd Qtr. These surely are dated estimates from analysts that stopped following your progress.
"We are pretty much without serious analyst coverage at the moment. Our plan is to complete the turnaround of Namoya and then re-introduce the Company to the broad market with a proven story to tell. At that time, we will be looking at re-building analyst coverage."
Martin
Martin Jones
Chairman, Banro Foundation
Banro Corporation
1 First Canadian Place, Suite 7070
