Banro Corp. fka BAA

[bostonseb]

Yes, with the 15-17% discount and the streaming deals attached to them that would need to be undone by refunding the balance left on them + high interests (15-20% depending on which one we're considering), these mines are worth much much less than what the book says.
I am anticipating some sort of announcement regarding the cash situation pretty soon as I doubt they will be able to get through the quarter with the 8.5M due in a few weeks. We will see.
I have sold the remainder of my position after the prod report came out, around 0.30, and am waiting on the sidelines for now as I wait for the cash situation to be addressed and Namoya to enter commercial prod. to decide whether to re-enter the stock.

Have a good weekend.