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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 contrainvestoron May 05, 2011 2:13pm
377 Views
Post# 18535776

RE: The unanswered question!

RE: The unanswered question!The better question is how do they continually attract very high quality people to their company.  Look at the qualifications of the director who replaced Pylot - I would say he is an even stronger candidate than Pylot, and probably more independent.  Pylot seems to be close to the management team as he is a proposed director for the two public spin-outs.  Pylot probably wanted to be off the board because he has all the cheap options he is going to get from EAS, and now that he is off the board and no longer a reporting insider, as the price appreciates, he will be able to sell his shares and options without the market knowing he is doing so, while leaving some for the ultimate buy-out.  Makes sense to me.  And he would rather remain involved with the two new spin-outs and all of the cheap options. 

And you guys who keep harping on the sale of the uranium property a few years back are bang on.  I think that alone shows the quality of this management team.  You have to remember they spent very little money on exploring that property.  They were just smart enough to have picked it up with all the historic work having been done by the Russians and found a buyer for it, so it was pure profit for EAS shareholders.  Meanwhile most other uranium juniors blew their brains out exploring their uranium properties, and all shareholders have to show for it now is dilution.
Bullboard Posts