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Banro running out of cash (and time)

The clock appears to be ticking down on Banro Corp (CN: BAA). With its Namoya mine in the Democratic Republic of Congo still under blockade, Banro says it is running out of cash and may not be able to meet its debt servicing and working capital requirements.

Cameron French in Toronto
Banro suspended Namoya in September after groups blocked access to the mine

Banro suspended Namoya in September after groups blocked access to the mine

The company's shares fell an even 50% after the disclosure, pulling its stock to a new low of C19.5c in Toronto, as Banro said there is "substantial doubt as to the company's ability to continue as a going...

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