CEO mentioned senior notes on the conference call and in the production PR. By the public commentary it clearly appears that the deal is in the works. Clarke...an Englishman...would not make the statement as the last sentence at end of the CC if they were not actively working on it with a partner and somewhat near to a solution. Furthermore, it also appears as though they are trying to strike a deal that is more than 5 years.
In addition to our focus on all operations, our management team is focused on the replacement of the senior secured notes maturing in March 2016 and we will update you accordingly as we continue forward." ------------------------------------------------------------------------
“We are very pleased with the continued ramp up at Namoya during the second quarter, culminating in over 9,000 ounces of gold being poured in June. This positions the Namoya operation for steady state production during the second half of the year,” said Banro President and CEO John Clarke. “We continue to be focused on the replacement of the Senior Secured Notes maturing in March 2017, with a longer term instrument. Resolving the impact of the Senior Secured Notes would provide the Company with long-term opportunities and benefits.”
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