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straitneom

08/05/14 12:21 PM

#7301 RE: Groenspaan #7299

Great news! Accumulation time
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Techamental Logic

08/05/14 12:45 PM

#7305 RE: Groenspaan #7299

I think BAA is about where it should be if the large traders are using the last numbers Banro released. At $1,300 gold those numbers make BAA worth .23 to .27 depending on how much of the $17M cash on hand was spoken for and what their all-in-sustaining costs were.

My play here has a few irons in the fire.

First I believe gold is going to go on a massive run. Maybe this year...maybe next year...I don't believe everything is as hunky dory as the US and Europe make it seem.

Second I believe Banro is a M&A and JV target. A company with cash could exploit Banro's resources if they were to buy Banro or could find it more affordable and practical to JV with Banro for copper, gold or other resources than to start from square one of exploring unknown territory.

Third (the most short term) I believe Banro can do something to fix their debt so BAA can record quarters of positive EPS even at $1,100 gold and they can do it without giving away too much long term potential.
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nutsyprofessor

08/05/14 12:53 PM

#7308 RE: Groenspaan #7299

Yes, and that's why the BOD made the decision to get rid off Simon Village and make other changes. Furthermore, that's why shareholders re-elected the BOD, because they thought the changes made sense and were willing to give the new management a chance. That 1st chance came in the way of the recent July 9th PR about the Namoya mine fines issue. We will see how the new management handles the situation.

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