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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 godmanon Aug 31, 2010 11:07am
270 Views
Post# 17399478

RE: Stock Options - the bottom is in...

RE: Stock Options - the bottom is in...As you may have noticed by remarks I was a little peeved. How do you figure options motivate people? You think these people dont have options now. Alot of guys bought at 7.54, not me, as I recall 2.5 million shares and then some. Then mysteriously the shares fall off the cliff a few days later and now management gets a discounted 3 million shares, thats 18 million dollars that could have gone into exploration not motivation to what write better NRs. Its bullsh..t. If I was Sprout or especially their clients I would be plenty peaooed. No wonder the other guy pulled their analysists, though I doubt they are any better. It just majorally shakes my faith in the management after all the hype about how great this team is. At the very least the options should have been set at 7.54. Now there will be a big barrier at that level. Further more it will dilute our share value when there is a buyout. The last said about this. I hope management is reading this. I expect them to be a lot sharpewr on their information from here on in.
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