Banro Corp. fka BAA

[goldismoney1]

The additional financing could have been the company being prudent in the face of declining gold price. Better to have more cash on hand then to ask for it when you have none. Additionally, Gramercy got paid a significant amount back on last financing deal and were their for this one which was tiny in relation, it looks like they want this to work (they're not mine operators) and as close as the company IR just stated they are along with a BRAND NEW mining fleet and possibly rising gold prices there is still a ton of potential for the associated risk.

I don't like that they stated they were good for two years then 3 mos later get more financing. The big question is Namoya going commercial. If they achieve that for early October (somewhat unlikely now) as IR said were good, if not things could get ugly.

By the way nice to see the KEJOKEE back.