Replies to post #16864 on Banro Corp. fka BAA

[baystock1]

In order to do away with the need for the streaming deal Banro will need to sell enough future production forward at the $1300 price if/when we get there so as to lock this price in. It is not enough to hope that the spot price stays over $1300 as it is very volatile and this could just be a dead cat bounce in the POG on the way back down to $1000.

Barrick use to be an expert on gold hedging and hopefully this new CFO who use to work at Barrick will earn his high pay and the recent grant of 1.5 million share options by finding a creative non-dilutive resolution to Banro's cash shortfall.