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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
Post by sal_bandoon May 19, 2010 7:43pm
270 Views
Post# 17115882

Violeta Vodka

Violeta VodkaHere is the full report by Violeta Vodka in case you don't feel like watching comedy central tonight:

https://www.hotstocked.com/pdf/EAS-2151-report.pdf


Note the following:

"Sales are substantially and rapidly declining. This company is losing money and the losses are getting bigger. They have negative margins meaning they are selling their goods for a lower cost than that to produce them. This is not factoring in their fixed overhead. This can have an extreme negative impact on their business and share price.
Bullboard Posts