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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 brodeuron Jun 06, 2020 6:25pm
386 Views
Post# 31120684

EAS.v - Gold Royalty deal pending | $2/share value increases

EAS.v - Gold Royalty deal pending | $2/share value increases

Who would it be? If any well known royalty names are associated, it will provide an added boost to company's valuation. And looking like one last final pp required until cash flow is generated. Another wards, last chance for investors to get some warrants to profit from the continued increase value in the company. Unfortunately that financing is only available after AMDAL is done, which would have boosted the value of shares from current prices. 


Realistically, getting in now if one bets the outcome of Amdal is a success, would the the time to invest for maximum return. Once amdal is announced, this will be higher than current prices. Pivotal decision is imminent. 


From the Amvest Capital interview 26:26 minute: "Yeah. We hope to try to keep that as much as possible. And we're hoping as we work on the project financing to make that non dilutive. So we're talking to companies right now. And quite interested in royalty deals."

And from the 28min:
"We have worked out a working out with the government, a option where they will come in and purchase maybe 5% of the company. So, we're negotiating that, basically, at the same time. So, we're trying to, basically move forward so that we can get the government participation to help us a lot in moving things forward in Indonesia, and into, nor some OAC, smoother, the same time what's at the end, all finished. We expect to be done fairly soon. Then, basically, what we pay will be paying the taxes. Before we do that, we will probably be
launching a final private placement for the money, we need to pay those taxes, and to get the license, and their license costs covered. And we hope to have the license. July, August completed. And they'll say issued once the licenses clean issued, we, also the same time, hope to close one of these production production finance opportunities. And then at the same after, we've done that, will basically start working on land Acquisition which lands owned by the government."

Bullboard Posts