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Re: baystock1 post# 58104

Sunday, 12/04/2016 7:04:12 PM

Sunday, December 04, 2016 7:04:12 PM

Post# of 63744
The top 2 factors for Banro's future are:
1) The price of gold
2) being able to refinance their debt due march 1, 2017

Regarding #2, keep in mind that Baiyin did extreme vetting and due diligence on Banro before deciding to getting involved:
http://africacapitaldigest.com/chinas-rfw-in-98mln-banro-private-placement/

“We believe the long-term nature of the Twangiza streaming arrangement and private placement, along with the committed strategic relationships involved, will provide Banro with a solid base to achieve its longer term growth objectives as well as the refinancing requirements in 2017,” commented Richard Brissenden, Banro’s Board Chairman.

“Baiyin’s investment in Banro through our offshore direct investment fund is consistent with our strategy to invest in low cost mines with large gold endowments and substantial growth opportunities,” commented Baiyin Chairman, Liao Ming. “We will support Banro in unlocking the considerable potential of the Twangiza-Namoya Gold Belt.”
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