Classic! Same same with mngt. DRC time is not Canadian time.
Funny, I read to page 13 yesterday before other tasks were required for the day.
2015 Twangiza production was 135,532 oz.
2016 H2 Twangiza production was 52,856 oz.
Presentation, on graph (p. 14) says there is less Twangiza gold production estimated for entire year 2016. Charts suggests 2016 Twangiza production totalling about 117,000-118,000 oz. They drew the green line below 120,000. A Twangiza average of 32K-33k oz. each H2 quarter will get us there.
Banro is kicking ass on Namoya, seems to be. Substantial Q3 increase in stacked ore, substantial over Q2 even. Namoya Summit open pit put into operations this month.
And more, see Page 17 of Banro's Sept. 2016 Presentation.
Maybe Namoya becomes the darling for H2, and gets to 10K-11K oz. per month.
With continued explorartion for continued expansion of Namoya and Twangiza, we should likely expect increased resource finds and company increased asset valuation, and with Namoya in particular, mine life extension.
As to delay of fine crusher, yeah, same old same old with mngt time projections.
Yet Banro and mngt overall doing great production and exploration wise. Yes, concerns about the bond due and its refi, in particular without a CFO at the financial helm, yet also, is a CFO needed for a deal? Does current mngt know the financial particulars of the company and nuances of a strong deal? Will mngt give away the farm? Previous CFO arranged gold sales at just $150 per ounce, which seems a give away.
Yada yada. Go BAA!
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