Two factors:
1.) Baiyin says will support Banro's future projects and development. Does not sound like it intends to take over Banro. Suggests it understands the independent entity Banro is.
2.) DRC. The country of Democratic Republic of the Congo. As I've stated previously several times, I have the impression that the DRC government and Banro have a pretty solid relationship with understanding and intent for mutual benefit. Banro came to DRC early, as investor of resource development for and of the country, and subsequently Banro has been rewarded very favorable long term tax status; with a 10 year tax pass on gold production once a mine goes commercial, and 25 years on land/surface. Wow, right? And Banro sits upon with controlling access to a massive swath of land rich in said mineral resources.
I continue to think Banro will be maintained as an independent organization, in supportive and mutual benefit with and for itself and the DRC.
Yet, Banro is a private entity which must solve its own concerns.
Baiyin has just provided some very favorable terms of financing at a low 8.5% interest, and has supplied much needed cash to Banro, with Baiyin's publicly expressed support of Banro for the longer term. Baiyin introducing itself publicly as being in support while secretly it acts with malice? Seems quite unlikely, and would not be good business practices where trust is vital.
Regardless of Gramercy being the 'parasite' or not, mitigation has arrived. Though if, as suggested, Gramercy is ill willed and is 'selfishly' contrary to Banro's interests, the balance of influence still has to be worked out among Banro's ownership entities. Yet said balance seems to me has now shifted in strength to Banro, in particular per this recent new long term support from Baiyin, and Banro's continued and ongoing support in relationship with and from the country of, and government of, the DRC.
All the concern of the "risk" of Banro's 'location' in the DRC, comes down ultimately to decisions made by the DRC.
I believe the relationship of DRC and Banro is notably positive for both.
Banro continues to likewise express itself as favorable for the DRC and for Banro's DRC local communities, evidenced by Banro's community development efforts, most notably and just recently, having turned focus and effort in action with and on sustainable community driven agriculture. Wow, nice! Cool! Smart!
Banro also has what seems a positive relationship with DRC's local tribes and tribal leadership. No other outside entity does. The governmental leadership of the DRC I believe is respectfully understanding, if not also appreciative, of its roots, its heritage.
Banro is a win for DRC. Which is a win for Banro. That is if Banro can get it sh*t together. Which, being addressed, in what newly seems also mutually beneficial and a respectful accord with Baiyin, is also a win for Baiyin.
Gramercy's influence has been minimized as Gramercy is no longer 'top shelf.'
Seems likely (though not clear to me) the same in regard to Blackrock's influence over Banro, though I would not count Blackrock out, but do rather consider their position and influence one that is also, in particular with recent re-distriubtuion of Banro ownership with the very recent entrance and support of Baiyin, as tertiary.
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