Replies to post #38680 on Banro Corp. fka BAA

[goldismoney1]

IDK, I just read q2 consolidated statement of loss, $14 mill gross earnings less admin and other totaling $5.6 mill and financing gobbeling up $7.3 million. We making money now and going into commercial production on SECOND mine in 3 to 6 months with a new cat 777 moving fleet! COME ON NOW!

Main reason were trading here is POG, look at the other miners most trading closer to all time lows than us.

POG is supreme need to regain $1200! SUPER long and strong!

With all that said pog drops below 1080 and that WILL make me puke...

[Libertarian74]

Think you're exaggerating imho.

From page 3 of the June 2015 report

Cash and cash equivalents: $9.270M (up from $3.024M in Q1 and $1.002M in Dec 2014)
Restricted cash of $8,196M (from Twangiza forward financing) for New Truck Fleet
Value of Gold Inventory: $27,061M (down slightly $28,527 in Q1 and $28,893M in Dec 2014)

Total Assets: $61,561M (up from $47.736M in Q1 and $43,320M in Dec 2014)

So it appears they have increased their assets in the Q2 by $13,825M

"They have 11M of cash + gold inventory left. 11M! That's unbelievable."
They have $27M in gold inventory, and $9.3M in cash. They also have another $8.196M set aside for the new Truck Fleet. Less


Didn't you exit back in May?