Baru Gold Corp V.BARU

EAS.v - $200m Market Cap trading @$10m discount

[brodeur]

From latest Equity Guru update:
https://equity.guru/2020/06/30/gurus-client-list-exploreco-roundup-six-goldies-nickel/

"Final gov’t approval for development work at Sangihe could come any day."

From Mexico Mike: https://forum.mexicomike.ca/viewtopic.php?f=2&t=18183

The market depth looks very strong right now. About 400K of bids stacked @ 8.5 cents or higher, and maybe 150K on the offer through to the teens. This can change in a hurry, but what it shows me is that shareholders are content to hold here and await higher prices. Much of the historic trading for this company went off above 20 cents and the fire sale days appear to be over. My guess is the AMDAL will be a catalyst to push the stock up past 12 cents and then the company will do a financing round but if we get a break out in gold that could make it much easier to get a deal done even at a higher market price. I think Sprott owns 20% of the company and they may participate on a future equity offering to maintain that ownership interest, which would also be considered a bullish catalyst for the stock.

The bottom line here in my opinion is that the company has transitioned to a bullish outlook and may be well on the way to stable production by the end of this year. These things always take longer than projected, so I think the process to secure the cap-ex and build out a small mine plan will gradually evolve through to 1H of 2021, but just getting the pieces in place and committing to mine development will support a surge in share value through to the seasonal strength window this winter.

I continue to hold a core position in this stock and have locked in a zero-cost basis, but I will be participating in a placement when it is arranged.