Banro Corp. fka BAA

[chrislal]

GoyGoy3414

Post # 43051

I totally agree with your post. It will definitely help the strength of the balance sheet plus it will reduce cost of carrying the debt which can help the company to pay off its debt quicker and company do not have to do gold forwarding deal with its extra gold giving away. More and more lenders will be willing to finance this company with more favorable terms because Banro will not be riskier any more. Nothing wrong in improving the position of balance sheet and selling some of its asset if it approves the overall strength of the company. Some big miners such as Barrick, they do sell part of their asset to improve their balance sheet.

Any way I am long and in Banro since 2013. Had 175K shares but unfortunately had to sell some of the shares at loss as I needed some funds and hold now 125K shares. Will add more soon Namoya get commercial.

Good luck to all.