Replies to post #52360 on Banro Corp. fka BAA

[desie0713]

I believe our impairment charges related to the excess cost capitalized with namoya and not with the price of gold. there should be no impairment charges going forward (imo) since costs related to namoya are now expensed as opposed to being capitalized. curious as what they used as the price of gold to value their assets!!!

[SCgold]

I wasn't aware of the "write-up" rules that were recently implemented. Good news for all miners. From previous post:

"What happens if the price of gold goes back up?

In the past, companies were stuck. Until very recently, impairment charges were a one-way street. Once you took the charge, you lived with it. But there are some new rules that permit the accounting to go both ways.

These new international rules were instituted in 2011 and haven't yet been tested for higher values in the resource sector. But if the gold price recovers and there are strong reasons to believe it will stay there (something we see as highly likely), it's possible we could see some of these impairments reversed. That's what you might call a "write-up." "

[keyotee]

Death sentence, by SPIRAL!