Is this Investment Doctor guy a bot? Does he even have a Ph.D.? Notice the many many spelling errors throughout. The guy is tricky.
Seems to consider 2015 revenue cash flow as exactly the same for 2016, upon which he lays basis of his negative nelly bs. Interest charges of $18M (or wait, he said $20M just before) as paid in 2015 will not be relevant to 2016 free cash flow as all three remaining bond payments for 2016 and into 2017 have already been escrowed as ready for payment when each becomes due. Oh... so... there's now $18M more from the sale of produced gold; produced gold which newly makes a very dramatic increase for 2016, in total Banro produced gold.
Plus no impairment charges (most likely) for 2016 will rosey-up the picture nicely too.
Guess TID needs to lie to set (t)his stage.
And as he concludes "Yes, with the expected positive free cash flow Banro will create some more breathing room for itself, but it's pretty obvious that with the increased cash cost and the gold stream, Banro will need a gold price of at least $1350 per ounce to start reducing its net debt in a meaningful way."
Yeah, we already know that Banro needs gold price at around $1,350 to affect its debt reduction in a meaningful way. And we are still buying up BAA, and adding, on dips of weakness in the stock price.
