Bullboard - Stock Discussion Forum BANRO CORP. T.BAA

Metals & Mining Gold

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

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BANRO CORP. > Insider and Institutional Shareholders

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Post by Fullplate on Jul 19, 2017 2:57pm

Insider and Institutional Shareholders

With the two holders of the forward gold sales agreements (Gramercy and Baiyiln) each owning a bit more than 30% of the stock, I would like to know how much of the remaining 39% of the stock is held by insiders and institutions. Does anyone know of a site showing this information that reflects the restructuring that occurred a few months back?

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Comment by baystock1 on Jul 19, 2017 5:28pm

As of April 19, 2017: 3 funds own 76.3% !!! https://privatecapitaljournal.com/banro-closes-recapitalization-led-resource-financeworks/ Following the closing of the recapitalization, Resource FinanceWorks Limited (RFW) increases its shareholding from 16.48% to 32.21%, Gramercy Funds Management LLC increases its shareholding from 2.73% to 30.41%, and BlackRock Investment Management (UK) Limited from ...more

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Comment by baystock1 on Jul 19, 2017 5:32pm

I am hoping they can keep the tight share structure by raising money in the form of more debt rather than having to dilute the shares at these ridiculously low prices.

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Comment by Fullplate on Jul 20, 2017 10:17am

Thanks, Baystock. Resource Finance Works must be the same entity as Baiyilin. With 76% owned by three funds, there's not much left. I would suppose that there are other smaller institutions and management ownership also. Not much of this company is owned by the individual shareholders. That was always apparent, but it is nice to get the data.

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