Replies to post #62060 on Banro Corp. fka BAA

[StockItOut]

Go it, thanks. I notice Banro produced 3,450 more gold than sold Q2. Good to increase reserves, might as well be on a bad earnings Quarter. Yet what stands out to me is that at the time of the Refi, with two months and 11 days remaining in Q2, Banro had $38.5M minus $10M for Refi expenses (ouch! & what?). So, approximately $28.5M cash on April 19th, 2017, with $3.5M remaining end of Q2, June 30th. That's approximately $25M spent in 72 days. Which is approximately $347,222 per day. Which is approximaely $10.4M spent each month.