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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 Terrebonneon Jul 08, 2015 12:03am
171 Views
Post# 23901620

Good news? Really?

Good news? Really?So now they have $1.4 million in the bank. For starters, that's less than a cent a share. Furthermore, the last time EAS had that kind of money in the bank, management very efficiently drained the treasury through questionable management fees, etc., at least in the eyes of many. Have a look at the last few years of financial statements. And, finally, Sangihe has reportedly been drilled to death by previous owners, who abandoned the property in much more auspicious times. All in all, this package has all the markings of a potential pump and dump. Keep an eye on the big shareholders whose cost/share is way underwater. Caveat emptor. IMHO. Do your own careful research and analysis.
Bullboard Posts