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StockItOut

01/19/17 2:23 AM

#58866 RE: Congo Mining #58862

Okay, yet totality is not one quarter's output and results.
Namoya was up to 10K+ per month in September. Eight a month, is great! Back to high June numbers.
Twangiza's previous quarters at 11.5 K per month was a year ago last.
The lack of the fine crusher, per previous silly projections resulted in Banro short of their annual target
production goal.
We have known for seven months now of the fine crusher finely disappearing. Twangiza as under performer based upon past performance results and of mngt-stated production targets was well considered, known, and expected.
Yes, it is about the numbers, and they will be disappointing for Q4 2016. We want to see profit and increasing cash flow for Banro. The trend however, is definitively of increase.
They can operate at break even cash, is the greater issue.
Overall, Banro is doing very well.
Record production is worthy of notice and commendation. Higher POG is a key. Not the key, but a central key.
Banro has come a long way, and growth will continue.