Financially speaking I sure do! An ex-wife would cost me less if doesn't come through. Banro brought him in for a reason and since he likely played a major role in orchestrating the the BHP Billiton merger I don't think they brought him in for better financing. BHP Billiton (BBL:NYSE) is worth $74B...the guy works with big numbers.
Thys last job was Investment Banking Managing Director for Mining for CIBC. He likely approved the CIBC loans that Banro received as he had been there since 2010. If Banro just wanted better loans it would have been better for him to stay there.
He went from Business Development for BHP Billiton (before they were BHP Billiton) to Head of Mining & Metals for Standard Bank. From there he stepped up to CIBC. Now he is at the top of his game and one of the hottest commodities in mining and he go to Banro to be a director?!? C'mon! That doesn't even make sense.
The guy is from Canada! Check out his Linked In page. What is he currently doing? No joke...he says he is "Taking A Break". Could be...but I've got a feeling he is learning Banro inside and out because he is about to take over Banro and he is going to do so in conjunction with Banro becoming a far more massive company than they are now.
When I first joined iHub and started posting here I was talking about China Gold and I was also talking about how Banro hit my radar because there is something far more going on than a company mining a few gold mines in the Congo.
When they added Thys Terblanche that confirmed in my mind that Banro is going to hit the big time. I'm betting everything on the fact that Banro's junior gold miner days are quickly coming to an end.
Recent events may have actually accelerated things. The fact that institutions have not all dumped BAA in unison confirms in my mind that something big is going on here.
Blue chip institutions don't buy stocks under $1 for their clients! Yet in Q1 2014 when BAA never even hit .80 pension funds, retirement funds and highly respected investment funds more than doubled BAA's institutional ownership to near 90% and quite possibly more.
Junior gold miners with tiny 9 digit market caps that start with a 1 do not attract that level of ownership from those types of institutions and funds.
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