Replies to post #21226 on Banro Corp. fka BAA

[fazlice]

Yea but even though these speed bumps, they produced 38,236 oz of gold for q4. For Q3, they recieved 31,842. 27,171 from Twangiza and 4,671 from Namoya. That is an increase of 6394 OZ for the quarter. If they posted 0.01 eps for Q3, then Q4 should be more more then +0.01, unless they did not disclose something that they should.

6394 * 1170 $(average price per OZ) = 7,480,980 extra income. - 5,754,600 ( AIC combined cost for 900 from both mines ) = 1,726,380 . this would add additional 0.01 per share. So we might see something as 0.02, or like i predicted 0.03.

Tech, what are your thoughts on above ?

[TeamTOC]

Oh, I know about the speed bumps buddy. I think I showed up in Banro about the same time as you did last year. I've got to admit, I find some of the recent posts amusing watching people panic about a X% drop in a day, or about a PR being too late. I think some newbies got in looking to flip for what they thought would be a quick 100%, and then got stuck. It's probably a good thing that some of these folks weren't around last March in the .60's and .70's, only to watch their investment drop as low as .115, otherwise we'd probably have 100 tegrity's on board now. LOL

I looked back through Q3, and it looks like Banro had about $4.5M on hand at the end of Q3 between cash and bullion. I also saw in the Q3 ER that there was a comment regarding the $35M backstop..."As of the date of this press release, the Company has drawn the maximum amount available under the facility." So I'm assuming that means that ~$2M they had in cash at the end of Q3 was all that was remaining from that liquidity backstop.

The price of gold wasn't really favorable in Q4, so I don't think we'll see the average of $1233 like we saw in Q3. But I would think it should be just shy of $1200 (I'll say $1190 +/- $10).

I'm still sticking with a positive EPS, but you do bring up some good points about a lot of unknowns regarding Namoya. Either way I guess nothing has changed on my end...every day gets me closer to the next PR and gets me closer to my .125's being long-term shares.