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BANRO CORP. T.BAA

"Banro Corp through its subsidiaries, is engaged in the exploration and development of its gold properties, including Twangiza, Namoya, Lugushwa and Kamituga."


TSX:BAA - Post by User

Bullboard Posts
Comment by brendellyon Nov 21, 2012 12:15pm
187 Views
Post# 20627451

RE: RE: RE: RE: RE: Incredible new drill results f

RE: RE: RE: RE: RE: Incredible new drill results f

Besides the obvious M23 conflict, the operations update says it all about lack of guidance and timing. The high OPEX is soley due to the miscalculated circuit production lagging 20,000/oz per year. They also stated that expansion is now back to 1.7 Mtpa and further expansion to 2.0 Mtpa 2014. The original 120,000 oz/year mine plan is now slated for year end 2013...Frustrating... management has released this information way to late in the cycle of proper guidance and definately misinformed the public. 

Bullboard Posts