Post refi with 3.75X more shares, BAA at current price of .155 is equivalent to BAA priced at about $0.60 at the current number of shares. Is that appropriate? Or is an equivalent of BAA at about $.04-.05 about right?
Still a relatively low valuation for a producing miner, with reduced debt and a four year bond extention, yet Banro must prove itself, must it not? More gold was forward sold, which does not help the company's balance sheet. Do we go to $0.04 in the interim! Better odds to me. Does BAA hold current price range, which is about equivalent to $0.60 per share at current common share count? I wonder, if the street/market needs to see the refi closed, and then off to the races as Banro valuation will be low in comparison to other producing miners, many also with significant debt but with company valuation much higher (relative share price). Or the market will continue to price and value Banro low, waiting for Banro mngt to show them the money before up up and away.
