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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 sal_bandoon Dec 27, 2011 1:01pm
251 Views
Post# 19352807

RE: salbando....a short note

RE: salbando....a short note

In my view not taking adequate precautions to protect one's property has everything to do with management. And drilling just to make a political point to some hoodlums and not to look for gold also has everything to do with management.  .And you can argue your life away but just like with EAS, my investment  in SA  was withering away. I have learnt to sell now and ask questions later. I sold for a small profit and if she runs all the best to you but we cannot justify the market price by trying to talk about how many shares the ceo holds because that is clearly not helping the stock. At least with EAS my cost is now slightly below $2 and we all know there is gold there. I don't know if you read in the newspaper that they are taking shots at Freeport McMoran helicopters carrying Freeport McMoran management. Clearly the security situation is not getting any better in that region. i hope SA management can resolve the situation but given the gold price and the situation in Indonesia I don't think it is very likely.

We all know now that MH left us holding the bag & unfortunately we have to make the best of the situation but  taking further risk in that part of the world is not worth it (in my view)

Bullboard Posts