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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

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Post by Kronsteenon Dec 02, 2014 5:19am
139 Views
Post# 23184492

Mind games

Mind gamesA lot of mind games going on here, but will come good in the end. Gold Holding's commitment on Twanziga is legally binding, and we should be hearing very soon about Namoya. Banro's debt to equity ratio is about 0.40, and that is extremely conservative given the highly prospective land that they sit on. There is obviously going to be millions of extra undiscovered ounces of gold there. This compares to Goldfields 0.53 debt to equity for example, Kinross at 0.33 and Allied Nevada at 0.74. So Banro's debt, whilst not ideal, is managable. 
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