BAA

Kleine Position zu 0,168$

was bei den "refinanzierungsgesprächen" am 31. März rauskommt ;-) - bis dahin könnte man noch günstig zukaufen oder meiner Meinung nach zumindest "halten" oder eben verkaufen, wenn man vom 'schlimmsten' ausgeht ;-)

Militärische Auseinandersetzungen im Kongo, Mine gestoppt:
www.mining.com/...old-mine-congo-due-violence-shares-collapse/

Banro Corp. hat im 2. Quartal 2017 "nur" rund 39 koz Gold produziert:
www.miningweekly.com/article/...idance-out-of-reach-2017-07-18
www.banro.com/news-events/news-releases/...s-and-fin-20170717

Die Banro Aktie gibt deutlich nach, nachdem die Marktteilnehmer realisiert haben, dass die Prognose von 210-230 koz Gold für das Gesamtjahr bei einer Produktion von 85 koz im 1. Halbjahr nicht mehr erreichbar sein dürfte!

Banro Corp hat schlechte Zahlen für Q2/17 vorgelegt. Zudem kam zu einer Kürzung des Ausblicks für 2017 (wie von mir schon in #139 vermutet):
www.banro.com/news-events/news-releases/...rating-re-20170817

"With regard to the lower than expected gold production achieved at both mines during the first six months of 2017 and the ongoing challenging operating environment given the current instability in the Democratic Republic of the Congo, the Company does not expect to reach its previously provided 2017 gold production outlook and is currently not in a position to provide updated forward-looking gold production information for the remainder of 2017. "

Fast mit Ansage gibt es wieder Probleme in der DRC:
www.mining.com/banro-halts-gold-mine-congo-access-road-blocked/

Banro Gold hat in Q3/17 rund 49 koz Gold produziert

weiterhin ist das Risiko hier sehr hoch!

"The production shortfall at Namoya for Q3 2017 relates to the temporary shutdown and evacuation of staff during the first week of July (press release dated July 3^rd, 2017) and a shortage of major supplies while the Company concluded its latest financing (press release dated July 17^th, 2017). As well, the ongoing closure of road access to Namoya (press release dated September 25^th, 2017) continues to impact Namoya with mining operations still being suspended. Spraying at the heap leach section at Namoya is continuing, to recover gold from the processed ore stacked before mining operations were suspended."

www.banro.com/news-events/news-releases/...s-and-gol-20171025

sehr dunkle Wolken ziehen auf

www.miningweekly.com/article/...ks-debt-restructure-2017-11-13

Banro Gold verschiebt Zinszahlung

Hochspekulative Aktie, bei der ein Totalverlust droht! Zwischenzeitlich wurde die Aktie vom Tief bei ca. 0,10$ auf über 0,30$ hochgezockt,  aber dann auch schnell wieder abverkauft.

www.sec.gov/Archives/edgar/data/1286597/...32/exhibit99-1.htm

Den Totalverlust musste ich miteerleben :/
Wahrscheinlich gibts hier demnächst wieder einen reverse split und wir sind wieder bei 2€ und dann kann es in eine neue runde gehen, wo noch mehr leute geködert werden!
Hier existiert anscheinend kein boden
:/

... ob es dann weitergeht und vor allem wenn, wie es dann weitergeht? Hochspekulativ bleibts bis dahin auf alle Fälle - wie vassago gepostet hat von 0,1 auf 0,3 und wieder nach unten (in grad mal 3 Handelstagen?) bin aktuell 94% hinten und selbst bei 100% plus, bin ich ja noch immer 88% im minus - ärgerlich... Warte mal ab was am 21.12 rauskommt und zur 'Not' verkaufe ich dann noch heuer, dann gibts wenigstens nen Wermutstropfen von der 'Steuer'... Ggf verbrennen die Großaktionäre noch weitere 'Kohle im Feuer' und es geht irgendwie weiter... Ob es 2018 zu meiner sehnsüchtig erwarteten goldhausse kommt, naja, seh 'dem ganzen' skeptisch entgegen ;-)

seekingalpha.com/news/...ing-proceedings-shares-halted?uprof=

und jetzt? das sind doch mal temporär gute News. Bankrott ist erst mal vom Tisch
was wird der Aktienkurs machen? auf 0,5$ könnte es gehen? Meinungen bitte

Frohe Weihnachten!

www.miningweekly.com/article/...list-banro-equities-2017-12-28

The Toronto-based miner, which operates two gold mines in the Democratic Republic of Congo (DRC), on Friday filed for bankruptcy protection in Canada under the Companies’ Creditors Arrangement Act (CCAA).

hmmm... hab ich Anfangs missverstanden...
bin gespannt, ob das noch was wird. eher doch nicht....

Banro Provides Update on Namoya Mine

14:56 Uhr  |  Marketwired

TORONTO, ONTARIO--(Marketwired - Jan 3, 2018) - Banro Corp. (the "Company") (NYSE MKT:BAA)(TSX:BAA) reports that mining operations at the Company's Namoya mine have recommenced, as a result of the reestablishment of the road access to the mine. The Company is grateful for the support of both the regional and national governments during this period. The Company intends to progressively ramp up production at Namoya during January.

As reported in the Company's September 25, 2017 press release, the suspension of mining operations at the Namoya mine was due to the activities of local groups, which took control over certain areas along the sole supply road to Namoya and shut down transit. The impact of those activities resulted in the depletion of essential operating stock and supplies, leading to the temporary suspension of mining operations at Namoya.

Normal operations are continuing at the Company's Twangiza mine.

Banro Corporation is a Canadian gold mining company focused on production from the Twangiza and Namoya mines, which began commercial production in September 2012 and January 2016 respectively. The Company's longer-term objectives include the development of two additional major, wholly-owned gold projects, Lugushwa and Kamituga. The four projects, each of which has a mining license, are located along the 210 kilometre long Twangiza-Namoya gold belt in the South Kivu and Maniema provinces of the Democratic Republic of the Congo. All business activities are followed in a socially and environmentally responsible manner.

shareholder aus...
(bin persönlich nicht mehr investiert. hab aber auch einiges an kapital hier liegen gelassen....)

hab nach einer Anfrage zum aktuellen Status folgende Infomail erhalten:

The Monitor confirms receipt of your email. On December 22nd, 2017, Banro Corporation and associated entities obtained an Initial Order under the Companies’ Creditors Arrangement Act (CCAA). With respect to delisting, the exchanges are responsible for such decisions. The Monitor can provide no comment on when or if the trading halt would be lifted. As set out in the CCAA application materials, Banro has entered into a support agreement for a restructuring which it would seek to complete if no better alternative transaction is identified through the sale and investor solicitation process that is contemplated to commence in January if approved by the court. If the restructuring is implemented in accordance with the restructuring term sheet, existing equity would be extinguished.

To obtain a copy of the Initial Order, please visit cfcanada.fticonsulting.com/banro.

FTI Consulting Canada Inc.
FTI Consulting in its capacity as Monitor of Banro Corporation et al.

Banro meldet Produktionszahlen für 2017

• 45 koz Gold in Q4/17
  
• 179 koz Gold in 2017
  

www.stockwatch.com/News/Item.aspx?bid=Z-C%3aBAA-2555452

Wollte den Müll aus meinem depot schmeissen

Sind die bestehen Aktien im Depot automatisch wertlos oder wird man in irgendeiner Form abgefertigt? - wenn wertlos, bekommt man den Totalverlust wenigstens am steuerkonto gutgeschrieben? Weiß da jemand Bescheid? Danke im Voraus  

Wenn man die nicht los wird , bekommst du auch keinerlei steuerliche Anrechnungen :/
Privatübertragung wäre evtl möglich..usw

Also sollte man bei solchen klitschen immer vorher verkaufen solange es möglich ist um den verlust zu dokumentieren bzw anrechenbar zu machen

...man lernt nie aus :(

... hab diese Infos vom Wallstreet online Forum...

In den USA wird eine Sammelklage gegen das Vorgehen bei BANRO vorbereitet. Aktionäre von BANRO können sich auf eine Informationsliste setzen lassen, dafür an die Email in diesem Thread schreiben: investorshub.advfn.com/boards/...g.aspx?message_id=137395286. Vorlagemail: I am a shareholder of BANRO CORP and I found your email address in the investorshub forum. Please add me to your class action information list so that I might join the class action suit. Thanks and best regards,

Banro - unbekannt, aber mit Potential | wallstreet-online.de - Vollständige Diskussion unter:
www.wallstreet-online.de/diskussion/...ential#neuster_beitrag

As an aside, I have learned from an insider at the Company that there is discussion of firing John Clarke.  This would be problematic for them because 1. It would admit they did something wrong.  But, it might limit their liability if they were able to blame all the bad stuff on Clarke.  Our suspicion is that they are trying to fire Clarke and buy him off with a golden parachute to ensure his silence.  There is precedent for this since the prior CEO, Simon Village was fired when he threatened to blow the whistle on bribes and received a $3 million payment in exchange for silence.  Even if they pay Clarke millions, in exchange for silence, the courts can break that silence agreement and force him to testify under oath.  My bet is that Clarke knows stuff which is explosive. There are billions of dollars at stake here and people could go to jail.  So stay tuned on this one.

The second issue addressed at the conference is the issue of venue.  We have a strong case on the merits but that is only slightly relevant at this point.  Banro is taking the position that the Canadian court is the proper venue and the U.S. is not relevant.  They say the Canadian court is competent, has handled the issue, and that is that.

As you know, our view is that there is Nexus in the U.S.  The crime was committed in the U.S. 80% of the shareholders and capital are from the  US.  The Company lied to me to my face in the U.S. (John Clarke in a private meeting in Denver), and the Company used the cover of the US Securities laws and its New York Stock Exchange listing.  "Judge, This is a US based crime committed under US Securities Laws, they cannot wiggle out of that fact." "Judge do you want to send the signal to all foreign companies that they can come here and commit fraud and face NO CONSEQUENCES?"

We are making the public policy argument that foreign companies cannot come here, use our laws as cover, screw US citizens and then claim that their local courts provide the correct remedy. There is a lot of logic in our position.

The Company acknowledges that argument but says Canadian courts are just as good as US courts.

It is a subtle and smart defense because Judges believe in respecting one another. When you become a Judge you are bound to honor the rule of law and they are hesitant to criticize one another.  So, there is some bias for our judge to respect the Canadian judge. However, it will all come down to the Judge's discretion and the fact pattern.  There is case law on both sides of this one. In fact, there are several strong competing precedents.  We think on balance they favor us.

We believe the logic of our case is very strong and the fact pattern is strongly in our favor.  But, if our judge is lazy she should could just say Canadian law applies. It would help clear her docket. We would appeal but I am informed that our odds on appeal are not good because judges have a lot of discretion.

One thing they did that hurts them is that they got the Canadian court to extinguish our claim forever.  One of the tests our judge faces is the question of "can the litigant get relief in the foreign court."  Well, since we have be expunged forever in Canada the answer is clearly no.  So, by overplaying their hand and banning us forever on this matter in Canada they may have shot themselves in the foot.  

So, here is the timeline.  May 18th, 20 page briefs due from both sides on the venue issue.  June 18th responses to both briefs from both sides.  Then hearings, pleadings, more briefs, etc.  

So, the venue issue will not be decided before July at the earliest and my lawyer thinks it could take the balance of the Summer and Late into the Fall.

Frankly, I do not know how to handicap this one.  Logic says we should win, but my lawyer says he rates it at 50/50.   I think he is being conservative and really believes the odds are better than that but does not want me to be surprised if we lose.

Here is the good news.  IF we make it through this VENUE door the other side has a real problem.  The case is strong and we are going to rock their world.  Our lawyer is more worried about this venue step than anything else which follows.  It is just impossible to know how sympathetic the judge will be toward our complaint.  However, she was very cordial and acknowledged that we had pleaded correctly.  This complaint is very real.

So, we need to all hope an pray that this woman sees our argument clearly.  Here is where any of you could help.  We need articles and other materials which show how "in the tank" or "bought" the Canadian Courts are for Canadian corporations.  Our lawyer did not say this in conference and we have to be careful not to criticize.  But in our filings we want to reference some articles which talk about how bad the Canadian courts are at policing stock fraud. We will do our own search but if you have anything supporting that line of argument, send it.  Thank you.

There will probably not be any updates for at least another month, unless there are unusual developments.  These cases move slowly.  Keep your fingers crossed.  My bet, we are going to get these assholes.  They have a real problem.  Me.

Best,

Larry

Angriff auf Mine

www.miningweekly.com/article/...ttack-on-banro-mine-2018-05-25