Yes Banro can mine it's way out of this, very easily and quickly, yes it's true they would have to refinance the loan but with cash flow well over 100 million a year, it's a piece of cake. And that only holds true for today's Gold price. If Gold rises of course, they wont even need to refinance, they can just pay it off free and clear.
"I'm hoping for either a sale or a JV because I'd like to see Banro move up above a dollar and out of this danger zone they are in. They are in a danger zone because the AMEX is affording them a lot of latitude in keeping them listed at their current PPS."
Which would seem to argue against a dilutive stock offering, I suppose. I've got some money ready to throw in, but want a better idea of whether we've hit bottom or not. Back up over .35? Or down to .25? I'm willing to sit on my shares for a couple years to see a return, but don't want to just dig a deeper hole.
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