Replies to post #49371 on Banro Corp. fka BAA

[StockItOut]

Quote from Baiyin, Dec. 31st, 2015:

"Baiyin's investment in Banro through our offshore direct investment fund is consistent with our strategy to invest in low cost mines with large gold endowments and substantial growth opportunities," commented Baiyin Chairman, Liao Ming. "We will support Banro in unlocking the considerable potential of the Twangiza-Namoya Gold Belt."

I figure take them at their word first. The deal took months of considerable negotiation, and financial creativity.