Replies to post #8593 on Banro Corp. fka BAA

[sman154]

Interesting...clearly some value to be found in gold producers in Africa. BAA is definitely one of them.

[braised007]

YAHTZEE!

[CrazyDonkey]

“What we are interested in buying are those on the world gold mining belt with big sizes."

[Techamental Logic]

Nice find RB_79! You and braised007 may be be interested in some things I noticed in your article. Your article stated:

In June the president of state-owned China National Gold, the country and the world's largest gold company, during a visit to North American mining hub Vancouver said the Beijing-based firm is actively on the hunt for global acquisitions and partnerships in gold, silver and copper.

Here is what is interesting about that quote. There is this bank called CIBC that has a headquarters in Vancouver. Your article also stated June. June is interesting because on June 2nd Banro announced out of the blue they were appointing this guy named Thys Terblanche as an additional independent director.

The interesting thing about Thys Terblanche (as I put in my last post) was that he last worked for CIBC. As my last post also stated Thys last published work while with CIBC was titled Global Mining: Impact of Chinese Economy....

I'm wondering if there is a link here. We've got your article stating that China has money and was in Vancouver looking to spend it in Africa. Then we've got the fact that CIBC is based in Vancouver and a guy who has basically been stalking China who just left CIBC is suddenly a director for a gold mining company in none other than Africa! Not only that but this guy just wrote about China and mining.

To top it all off is the fact the China Gold has an MOU with none other than Banro...who Thys just became a director of. Maybe...just maybe it crossed everyone's minds that there is an opportunity.... LOL Okay I need to stop or I won't be able to sleep tonight.

Go BAA!!!!

[Techamental Logic]

BOOM GOES THE BAA DD!!! COINCIDENCES DON'T EXIST!

This is my 15th so I had to combine everything. The coincidence part is explained further down.

First thing I want to say is now that Banro has their money problem shored up I'm not satisfied with $1B or even $1.3B. If the Chinese want to partner up and have $1B to get the ball rolling that's cool but I really don't want $3 - $5 per share at this time. That could change if BAA gets in money trouble again. LOL But seriously I'd rather just accumulate and hold for a few more years than to take $5 right now.

Okay RB_79 your article mentioned Zijin Mining Group Co. as the actual company looking for acquisitions in Africa. The link below is the second of two links in the article. It goes more into depth about Zijin's intentions.

http://www.bloomberg.com/news/2014-08-18/zijin-mining-seeking-acquisitions-in-africa-ceo-wang-says.html

You know who has a history with Zijin? Yep...that Terblanche guy. Going back as far as 2008 it looks like Zijin likes to have Thys in the room while they talk turkey. Okay...bad joke but the link is a good one!

http://www.zjky.cn/publish/english/tab194/info18159.htm

NOW ONTO COINCIDENCES

Do you guys know how the web works? Basically it is all a bunch of links all linking to other things. Sometimes its obvious why things are linking...other times you scratch your head. The reason is not all the data that links is something that is visible or even something that you are allowed to see. But web developers have so many details to keep track of that while they may remember to hide the text you aren't supposed to see...they'll forget to cut the ties between the links and the data that is now hidden from you.

When that happens you end up making a mistake...something like this! Or it could all be coincidence. The stumper with that link is why in the world would BAA news be sitting in the Zijin Business Week page. Especially as some undefined link. It could be a coincidence or it could be that the linking data is currently privileged and not to be publicized yet.

http://investing.businessweek.com/research/stocks/news/article.asp?docKey=600-201406271651MRKTWIREUSPR_____1127568-1&ex=true&ticker=FJZ:GR

[Techamental Logic]

Banro would need to sell for $760M for common shareholders to receive the $1.93 book price currently shown for BAA on MSN Money. I think there is virtually 0% chance that institutions which manage TRILLIONS in assets would accept a low ball price but I just ran the calculations for fun.

252M O/S * $1.93 = $486,360,000

$486,360,000 + $274,420,000 (debt) = $760,780,000 take over price.

http://investing.money.msn.com/investments/financial-results/?symbol=BAA

http://www.macroaxis.com/invest/market/BAA--valuation--Banro-Corporation