Those suggestions were all made by a third party, the news release was not sponsored from Banro or it's current board, but from a investment firm that wants to be represented on the board.
My view is Banro now has two producing gold mines and is drawing the interest of many. The latest development just means Banro is attracting activist investors who want to have a say in where Banro goes from here.
The last twenty years have no doubt been a grind. That wasn't the fun part and Banro survived due to the dedication of several hardworking men. From here on out Banro will likely be living life in the fast lane and instead of plodding along with a single objective in mind there are going to be many twists and turns.
There are many things that make Banro interesting not the least of which is that Banro's Twangiza is the first commercial gold mine built in the Congo in over 50 years! Namoya may be the second commercial gold mine to reach full production. I know Randgold built the second and I believe Namoya is the third. Loncor is developing one now but that could be it. At least two companies have lost their Congo permits in the last couple years.
I think there is no other foreign company with better Congo relations than Banro. No other mining company that is for sure.
Twangiza and Namoya are just the tip of the iceberg. Banro has dozens of exploration permits cover over 2,000 square kilometers. Not only is there more gold (Banro already has two more mining permits) but there are vast quantities of copper and other precious metals.
It is not an exaggeration to say that Banro quite possibly has leases on land comprised of the highest density of precious metals on earth.
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