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Baru Gold Corp V.BARU

Alternate Symbol(s):  BARUF

Baru Gold Corp. is a Canada-based junior gold developer with NI 43-101 gold resources in Indonesia. The Company is focused on developing and producing precious metals projects in Indonesia. The Company’s focus is on developing precious metals projects with significant resource upside potential and near-term production capabilities. The Company’s Sangihe Gold project mineral tenement consists of one block covering the southern half of Sangihe Island, located between the northern tip of Sulawesi Island (Indonesia) and the southern tip of Mindanao (Philippines). The Sangihe Project covers 42,000ha; this includes the Bawone, Binebase prospects on the eastern part of the island and Taware prospect in the south-central region with infrastructure in place. The Company has a 70% interest in the Sangihe project.


TSXV:BARU - Post by User

Bullboard Posts
Comment by 3baron Oct 15, 2009 8:22pm
397 Views
Post# 16392321

RE: RE: RE: Share Price as of late soldades

RE: RE: RE: Share Price as of late soldadesYes after the 19 th the .51 shares can be sold . Going into that  date individuals may sell on the fear that the .51 stock will be dumped on the market . So we have sell offs on low volume up until then .  The idea for many that they can always buy it back lower .

An institution who had shares or warrants they intended to sell would have shorted after the last news release . Then on the 20 th sold the stock and covered the short locking in the higher price of 2.70 ect . There is not a large short position on the stock so we know that that out look was not wide spread/popular  . From that we can also guess that a large sell off is not to be expected .

aimvho

jack
Bullboard Posts