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Techamental Logic

07/23/14 7:38 PM

#6526 RE: TexasRambler #6522

There will be more. This was not the end of it. Naomi said: "We are working toward releasing news prior to the Q2 financials – early this week if possible with an update from the board of directors on a go-forward plan."

Today's PR confirmed July's production. That is good and I can keep using my 31,000 ounces as the middle of the road results for Banro's Q3 production. Banro also stated they were bringing experts. That's good too but that isn't the "go-forward plan".

I asked Naomi if Banro was looking at selling an asset or doing a JV. I also asked her if all options were on the table. She replied: "All options are certainly on the table and under discussion by the board, including both that you mention as well as several others which could be available to the company."

I can't believe that one of the several other options that could be available to the company was calling in KCA and having them assess the Namoya situation and offer guidance. That isn't an option that addresses the situation Banro is facing. I'm positive we'll hear more soon and we'll see a .40+ BAA when we do.