Replies to post #41546 on Banro Corp. fka BAA

[fazlice]

But, they can negotiate some of the stuff, and on top of that, they dont have to pay this back all at the same time. You also took in consideration 2017. And not including all of the OZ mined . You did the lower end.

Good numbers thought but, time will tell.

[jb128]

Thanks for sharing your analysis. So have you sold yet, or have you just made your final decision not to buy and are just sharing your DD with us? Thanks.

[dark knight]

Appreciate the time spent putting that together, but I disagree with some of your assumptions.

Twangiza produced 36k oz in Q1 and 34k oz in Q2. Thats on pace for 140k oz for the year. Namoya would only have to produce 80k oz for the year to meet your 220k yearly assumption. I believe combined production for both mines will significantly surpass the assumption you used.

Also, I believe your $800 AISC assumption is too high. AISC for 1st half of 2015 was $643. I understand that will likely rise some with more production from Namoya, but doubt it would raise the average to $800 across the board. Keep in mind that a $100/oz reduction in your AISC assumption adds 22 million to your revenue projection.

Time will tell who is closer on the predictions/assumptions, just want to keep it real. Saying that the company is going to file for bankruptcy is a very bold prediction. I don't share that opinion.

[braised007]

Good stuff - thanks for sharing.

[wagner]

very interesting expectations...

hope to get some postive surprise in the next months

otherwise.... which Investment House would add to the watchlist

[badge0913]

Your assumptions are meaningless, particularly when your forecasting beyond Q4 2015 into their full 2016 operations.

IT'S WAY TOO EARLY TO TELL !! Seems you are trying to spook investors.

Why don't you see what happens after the next 6 months .. then MAYBE your "assumptions" will lend some credence.

[GoyGoy3414]

You are way off Boston. AISC may be that high, but cash costs over the next year are 500-600. You realize AISC includes D&A (non cash charges) right?

They are depreciating their book value and including that in AISC.

You should only be using Cash cost per ounce. Capex will be limited they said over the next year.

And they would cut exploration if they need to.

Also having paid off some debt and having two producing mines would easily allow them to get better terms on the next round of debt.

Nicely formatted, but you clearly dont work in finance. I have worked in Rwanda for the Ministry of Commerce. Credit Suisse Private Equity and now I work in M&A for a Fortune 250 firm.