Banro Corp. fka BAA

[goldismoney1]

Hey braised007 good work and good points. .

Regarding ~ $10 million in working capital being used to have to pay for cat777's.

The new cat777 fleet was as per q2 report listed under the liquidity and capital resources section:

"In the second quarter of 2015, the Company closed a $10 million forward sale to finance the purchase of the expanded mobile fleet. The forward sale transaction provides for the prepayment by the purchaser of $10 million for its purchase of 9,508 ounces of gold from the Twangiza mine, with the gold deliverable over two years, at 396 ounces per month."

So it looks to me that they have already paid for the fleet through forward gold sale so that should help with leaving current $10 million working capital untouched.

Please correct me if I am wrong, maybe I am not understanding correctly.

Additionally, in q2 report it states that mgt is expecting namoya to be producing 9k ounces a month by the end of 2015! Thats about what its been producing per qtr.

Were in a race to make it to namoya commercial production, I think we gonna make it pretty easily. I think experienced mgmt would NEVER risk a companies livelihood by spending $10 million on a new fleet of trucks knowing it would put them outta business! What you think?