BARU.v - next corporate update scenarios"A lot of potential positive catalysts still ahead for Baru. They can report receipt of that cash from the transaction. They can announce the commencement of drilling at Sangihe. There may be other local players that want to step up and complete a similar deal for other corners of the property area. Plus they can announce start up of commercial operations at the processing plant. Thereafter, the first gold pour will be another big news event and the start of the cash flow from the JV. Each of these events would be worthy for a bump higher in market value and higher trading volume to clean up the float. I hope Baru is able to take advantage of the positive news flow to regain spec confidence in this story. There should not be much more dilution in the future if the biz plan goes according to schedule, and therefore this cheap paper in the float is the last overhang to resolve. I also believe there was a lot of shorting during the conflict years and those shorts are now covering so that just dries up the float even faster. I still hold my core position and expect we enjoy a nice rebound through the seasonal strength of fall/winter months with so much positive fundamental action in play right now.
cheers!
mike"