Replies to post #16406 on Banro Corp. fka BAA

[investorwisdom]

Whats the story with the other similar beaten down miners like GSS do they have no money and owe 8 million too? What can you say about them? Are they all going bankrupt together? or is what we are experiencing only a cyclical secular downturn, where the companies with good management will not only survive but come out even stronger than ever? Dont paint a picture like the price is only related to internal finances, its just not true! Its a secular downturn!!!!!!! And if they were really in trouble the bonds would be trading at 80% off not 30% off I would call 30% a normal Congo discount just for location.

[VSAStory]

Huh?!?
They had 2 mil cash as of the CC. They have at least 2-3 months to produce 40k oz for 12 mil net or 48 mil revs
Kevin Jennings will figure something out.

[TexasRambler]

"There's no chance they generated over $6M in net income alone in Q4 or to date"

I think they have. Also I think they have some gold in reserve they didn't sell in Q3. I agree with the stock @ .15 there is some concern somewhere. But I do think them making payments is not it.

[Techamental Logic]

BAA is trading as if bankruptcy is likely but they have many options before going that route. I haven't read all the messages on the board so someone else may have already brought up the prospect of an asset sale.

Twangiza is rocking and should rock year round. A rocking Twangiza and a debt free Banro by selling Namoya would give management a chance to build another second mine. They may not even need to sell Namoya but instead sell the Namoya expansion. In their last mineral study Namoya shot up in proven resources which could be why Naomi mentioned that their next construction may be a Namoya expansion instead of starting on Kamituga.

I don't want to see them sell an asset but I'd rather have them do that than go bankrupt so that the bondholders, chiefly BlackRock, get everything cheap.

I think the only way BAA goes bankrupt is if they are forced to.

[Techamental Logic]

If BAA goes bankrupt we may make bank! Their book value is close to $2 and I think there is a good chance it goes over $2 in March when they report Q4 2014.

It would be a travesty if BAA were to go bankrupt and people with an average under .50 didn't make a profit.