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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 ez33on Jan 28, 2011 6:03pm
255 Views
Post# 18043259

RE: RE: RE: RE: Structures

RE: RE: RE: RE: Structures1;10 may be fairly standard in a share consolidation but i've never seen such in relation to any spinco[s]. Companies [singhie] with 0.01225 ozs of resouces backing each share are a dime a dozen and hence might not get any market recognition. Now the same company split on 1:4 basis would have around .049 ozs of gold resource supporting each share. The market would notice. $1200 x .049= $58 of gross metal value in the ground backing each share might even attract a market premium. This would be especially so if Mike seeded the company with enough money to complete its first drill program..The higher the share price the less dilution a set amount financing will engender...If the ore body grows the new found ounces will not get split in so many tens and tens of millions of different ways.. The brokerages advising mike might beg to disagree but they are the ones getting the chow down on the financing .. warrants included?
Bullboard Posts