Baru Gold Corportion (QB) (BARUF) ニュース

PP is closed.  Shareholder vote no Brainer, Hashim signs a deal.

If this were down at the pony track,
I'd say...
"The fix is in!"
You can bet things are going to
start happening fast now.
Holy Cow!

https://indonesiabusinesspost.com/insider/presidents-brother-to-acquire-gold-mining-project-in-sangihe-north-sulawesi/

Another up day with volume 

omg haven't visited in a long-time but the BARUF news releases this week are game changing.  A New president commissioner Hashim Djodohakimkusomo - bro of the new Indonesia president  AND signing a merchant bank to source production financing.  hmmmm permit is probably not far

Perhaps a breakthrough ? Baru has raised volume alerts both here in the U.S. OTC and in Canada on the TSX-V. Price is responding nicely, this has the "Somebody knows something" look, trading activity such as this doesn't happen by accident or happenstance. We shall see.

Baru Gold signs 2nd contractor for gold prodn operations
http://eepurl.com/iz721o

Indonesia police cracking down, new arrest

Investors starting to find BARUF another big volume day in Canada, gold production

👍

This is nothing less than brilliant. And it has Indonesia's fingerprints all over it, too.
They basically told the illegal miners: "Here's your chance to 'go straight' and do
better than you were doing before as illegals. DON'T SCREW THIS UP, or it's
'The Big House' and you better believe we'll be watching!"

And then to Mr. Contractor & Family, "Same goes for YOU!"

Some of those Dim Bulbs over at That Other Place are just dumber than a box of rocks,
thinking Filbert has somehow 'given away the store'. The 65 ha the Contractor was
given amounts to a postage stamp on a pool table! when viewed against all
of Baru's acreage.

Now just get started!

And one last thought: it is obvious the up-front money is coming from Indonesia somehow,
as restitution to Baru for the delays caused by the illegals and their obstructionism. But Indo
had to do it this way, funneling it through the Contractor and his company so they would have
plausible deniability and not get accused of "playing favourites". The "National Vital Object"
designation was as far as they could go with explicit help; the money had to be handled some
other way, and it has been.

Nice some volume. From CEO chat, one investors POV, makes sense what BARUF did in this contract;

By understanding on the change from mou to the contract is risk. Given Co wants to issue/allocate total 65 hectares, if giving 100% of that to one contractor and that contractor doesnt perform, batu is screwed. Remember this is the first time they are doing this and with this specific contractor. Thus the change is a risk strategy where issuing less but to multiple contractors for total 65 hectares will be more strategic than issuing all 65 to one contractor. Another reason as stated there will be multiple contractors and each pays upfront fee/payment. An analogy: typical supply/vendor management; don't sink all ur marbles to one vendor.

 

August 9 Update https://forum.mexicomike.ca/viewtopic.php?t=18183

Signed. Deal done. Begins immediately, equipment already on site. Cashflow anticipated in 2 months.

https://forum.mexicomike.ca/viewtopic.php?t=18183

I was able to participate in a zoom call this morning with some of the management team to get some questions answered. The news this week outlined an MOU that both parties are advancing towards resolution. The deal is expected to be finalized within days and there are still negotiations playing out even late in the evening on Friday in Indonesia. This arrangement is structured to operate in effect more like a royalty deal whereby the partner company is responsible for all development and operating costs, but BARU will be paid 35% of the net gold output. That is a much better deal than what I had originally surmised from the news. The contractor is a local wealthy

MexicoMike had a ZOOM call with Terry, https://forum.mexicomike.ca/viewtopic.php?t=18183

I was able to participate in a zoom call this morning with some of the management team to get some questions answered. The news this week outlined an MOU that both parties are advancing towards resolution. The deal is expected to be finalized within days and there are still negotiations playing out even late in the evening on Friday in Indonesia. This arrangement is structured to operate in effect more like a royalty deal whereby the partner company is responsible for all development and operating costs, but BARU will be paid 35% of the net gold output. That is a much better deal than what I had originally surmised from the news. The contractor is a local wealthy

This is going to explode guys!

This is such an incredible deal it almost seems
"Too good to be true". But I'm sure it is, tick the
boxes:

1. Baru has Indonesia's full attention now. "National Vital Object" status.
2. The criminal enviro-rapists are being rounded up. Perp-walk time!
3. This "contractor" gets a tiny smidgen of all the land Baru controls,
but the "contractor" is still going to make a fortune for themselves,
and I hope they do.
4. Ca$h up front. It's almost like Baru has cut a streaming royalty deal in reverse,
and to everyone's benefit: Baru, "Contractor", and Indonesia, itself.

Notice no mention of the Gold Loan; I'm wondering if that got put on "Halt" once
this latest twist and turn of the story started to get put together.

MOU, Baru gets $6M cash. The operator earns 65% good prodn, Baru keeps 35%. No shares issued

Baru implementing a Shareholder Rights Plan.
Excellent move, that will thwart any attempt to
take Baru out on the cheap.

Money in, deal near closing, back up parties doing DD, BARUF in play Baru Gold Closes Oversubscribed Financing with Insider Participation

(via TheNewswire)

??

June 26, 2023 – TheNewswire -Vancouver, BC - Baru Gold Corp (the “Company” or “Baru”) (TSXV:BARU) | (OTCQB:BARUF) announces that it has closed an oversubscribed private placement announced on June 16, 2023. The Company received $118,999.99 and issued 3,966,666 Units, priced at $0.03 per unit. Each unit will be comprised of one common share in the capital of the Company (a “Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant shall be exercisable for one Share for 2 years from the date such Warrant is issued at an exercise price of $0.05 for the first year and $0.10 for the second year. Finder’s fees of $420 are payable in cash and 14,000 finder’s warrants were issued.

The proceeds raised from the Private Placement will be used for immediate working capital while the Company finalizes the larger financing necessary to bring the Sangihe Gold project into production.

Three potential individuals or institutions are in various stages of proposing the larger financing for the Sangihe Gold project. For one potential Institutional Investor, the Company is happy to announce that it has recently completed all requirements in their due diligence process and has advanced to the Contract and Terms Stage. The Company and this potential Institutional Investor are committed to concluding the final negotiations as soon as possible.  There are two other interested parties still undertaking due diligence.  

An Insider of the Company has participated in the foregoing private placement offering which constitutes a "related party transaction" as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The party has contributed  $46,000 or approximately 40% of the offering. Such participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101 as neither the fair market value of the securities acquired by the insiders, nor the consideration for the securities paid by such insiders, exceed 25% of the Company's market capitalization.

All securities issued in the first tranche of the Private Placement will be subject to a four-month hold period expiring October 26, 2023.

The Private Placement is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange.

This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.

ABOUT SANGIHE GOLD PROJECT

 The Sangihe gold project is located on the Indonesian island of Sangihe, off the northern coast of Sulawesi. Sangihe has an existing National Instrument 43-101 inferred mineral resource of 114,700 indicated and105,000 inferred ounces of gold, as reported in the company's "Independent Technical Report on the Mineral Resource Estimates of the Binebase and Bawone Deposits, Sangihe Project, North Sulawesi, Indonesia," dated May 30, 2017. Readers are cautioned that mineral resources that are not mineral reserves do not have demonstrated economic viability. The company intends to proceed to production without the benefit of first establishing mineral reserves supported by a feasibility study.

The Company's 70-per-cent interest in the Sangihe mineral tenement contract of work (CoW) is held through PT. Tambang Mas Sangihe (TMS). The remaining 30-per-cent interest in TMS is held by three Indonesian corporations. The term of the Sangihe CoW agreement is 30 years upon commencement of the production phase of the project.’

Baru has met all the requirements of the Indonesian government and has been granted its environmental permit. The company has received approval for the upgrade of its licence to advance the Sangihe project to construction and production.

Note: The company cautions readers that the any production decision made by the company will not be based on a National Instrument 43-101 feasibility study of mineral reserves that demonstrates economic and technical viability, and, as such, there may be involved increased uncertainty and various technological and economic risks such as the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks, and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures, and the risk that the project's output will not be saleable at a price that will cover the project's operating and maintenance costs.

ABOUT BARU GOLD

Baru Gold is a dynamic junior gold developer with National Instrument 43-101 gold resources in Indonesia, one of the top 10 gold-producing countries in the world. Based in Indonesia and North America, Baru's team boasts extensive experience in starting and operating small-scale gold assets.

BARU GOLD CORP

Per:        “Terry Filbert”                       

Terry Filbert, Director

President & CEO
info@barugold.com

For investor contacts more information, please contact:

Kevin Shum

Investor Relations

kevin@jeminicapital.com
647-725-3888 ext 702

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Certain statements in this News Release, which are not historical in nature, constitute “forward looking statements” within the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to, statements or information concerning future work programs, results and timing of any work programs, the Company’s performance or events as of the date hereof. These statements reflect management’s current assumptions and expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, recovery rates, refinery costs, and other relevant conversion factors, permitting and licensing risks; general market and mining exploration risks and production and economic risks related to design and engineering, manufacturing, technological processes and test procedures and the risk that the project’s output will not be salable at a price that will cover the project’s operating and maintenance costs. Forward-looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Accordingly, readers should not place undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof.

NOT FOR DISTRIBUTION TO UNITED STATES NEWS 
WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Copyright (c) 2023 TheNewswire - All rights reserved.

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Private Placement has closed, with 40% Insider participation. Now for the Gold Loan, which appears to be close to finalisation. They seem highly confident they're going to get into production very quickly. Given the arduous route to this point, production can't happen soon enough! But I believe the wait will have been worth it.

Yeah, I think it's a "done deal", today had the second-largest volume of the past two years in U.S. trading
Time Open High Low Last Change %Chg Volume
5/16/2023 0.0224 0.0261 0.0196 0.0261 0.0038 17.04% 1133200
6/21/2023 0.0203 0.0228 0.0177 0.0194 -0.0008 -3.96% 1012100
5/19/2023 0.0265 0.0449 0.0265 0.043 0.0166 62.88% 874200
2/3/2021 0.1357 0.1708 0.1281 0.1317 0.0211 19.08% 805100
6/6/2023 0.0319 0.0338 0.0301 0.0301 0.0001 0.33% 650300
5/18/2023 0.0223 0.0264 0.0223 0.0264 0.004 17.86% 608300
11/3/2021 0.0769 0.0769 0.0697 0.072 -0.008 -10.00% 578800
6/16/2021 0.0733 0.0739 0.0615 0.0739 0.0039 5.57% 573200
1/29/2021 0.1178 0.1396 0.1127 0.115 0.002 1.77% 550000
8/24/2022 0.0225 0.0295 0.019 0.0257 0.0007 2.80% 540000
3/7/2022 0.0799 0.0913 0.0783 0.079 -0.008 -9.20% 537200
2/5/2021 0.1301 0.1331 0.1233 0.129 0.0077 6.35% 512800
2/4/2021 0.1337 0.1337 0.1174 0.1213 -0.0104 -7.90% 495100
2/8/2023 0.0235 0.0279 0.0229 0.0279 0.0051 22.37% 474800
2/19/2021 0.1144 0.12 0.1137 0.1189 0.0001 0.08% 474500
4/19/2021 0.0823 0.0857 0.0718 0.0773 -0.0193 -19.98% 466700
3/18/2022 0.074 0.074 0.062 0.071 -0.0019 -2.61% 438200
1/5/2023 0.0151 0.0175 0.0137 0.0137 0.001 7.87% 422000
5/10/2021 0.1 0.1197 0.0996 0.1159 0.0168 16.95% 407500
7/16/2021 0.0528 0.0562 0.0527 0.055 0.0004 0.73% 390600


and traded more than on the TSX-V in Canada, another eyebrow-raising anomaly.

Something is cooking; half-a-million Shares on the U.S. side, out of nowhere, and all at the Ask, and all at the same 15:33 time-stamp.

UPDATE! With one minute to go, U.S. volume tops 1 million shares. This is no accident!

Plus.... that Private Placement appears to have been taken down mostly by Insiders; that, plus the recent Insider buying suggests the gold loan is just about a "done-deal".

I think a deal is on the table for the gold loan

It sure sounds that way. Most of these little companies never seem to actually get into production so if these guys can pull it off then I don't see why the shares would stay down here in the low single digits.

I think a deal is on the table for the gold loan

I have some shares here I found my way here because of BRNE which BARUF CEO is the custodian and I follow custodian plays. Anyway. BARU is doing $100k cap raise per a filing last night. Reasonable I think stock will reprice way higher soon though.

Indonesia govt affirms BARUF production n operations permits are good to go. GET THAT GOLD. https://money.tmx.com/en/quote/BARU/news/7039195585880210/Baru_Gold_Receives_Official_Government_Letter_Affirming_Production_Operation_Status_with_Formal_Request_for_Police_Assistance

Couple of huge volume days and no sell off end of day. A deal is near. https://money.tmx.com/en/quote/BARU/news/8092937034611990/Baru_Gold_Designated_National_Vital_Object_and_Updates_Shareholders_on_Lawsuit_Filed_by_TMS

Baru Gold Announces Closures of Illegal Mines


https://money.tmx.com/en/quote/BARU/news/7692318521549201/Baru_Gold_Announces_Closures_of_Illegal_Mines

Front page, national newspaper
https://manadopost.jawapos.com/berita-utama/17/01/2023/masih-kantongi-amdal-sah-tms-tegaskan-tetap-beroperasi/amp/

https://money.tmx.com/en/quote/BARU/news/7067834782927347/Baru_Gold_Update_on_Removal_of_Illegal_Miners

Remove the illegal miners

Baru Gold wins, Indonesia Federal Court Rejects Appeal. $BARUF

https://betahita.id/news/detail/8321/ma-tolak-kasasi-warga-sangihe.html?v=1672888044

Indonesian courts dismiss Case against BARUF & government https://us3.campaign-archive.com/?u=9a3bb2b9fb4560b2740ed157d&id=28ef6c8ced

https://www.kabarok.com/2022/04/the-lawsuit-against-pt-tms-not-accepted.html?m=1

BARUF wins ??

https://money.tmx.com/en/quote/BARU/news/8483974915418424/Baru_Gold_Completes_Land_Clearing_and_Provides_Construction_Update_at_Sangihe_Gold_Project

https://forum.mexicomike.ca/viewtopic.php?t=18183

Very positive!

BARU director insider buying

more insider buying. CFO and another director

Insider buying CFO hmmmmm

Another good looking pr on surface sampling. Getting better by the pr.

Baru finds new gold targets. Getting sexy. Money in bank for drilling while getting ready for gold pour

MexicoMike https://forum.mexicomike.ca/viewtopic.php?t=18183
So many doubters and bathers but slowly the mine us being built

$2100 gold. Baru will benefit as producing gold. https://www.cnbc.com/2022/01/05/investing-in-gold-fat-prophets-analyst-says-gold-could-test-new-highs.html?__source=iosappshare%7Cph.telegra.Telegraph.Share

https://money.tmx.com/en/quote/BARU/news/8624861363336046/Baru_Gold_Commences_Drilling_at_Sangihe_while_Construction_Activities_Continue Drills on site!

Interesting video, good info, says he is starting out and there is an easier process to generate gold in Indonesia. if goes well they will generate money in 2022 just in time for gold prices to go up.
Encouraging and may be worth the risk to invest now with a starter position.

Fun how reporters want to ask tough questions and think everything should be easy when in reality reports, like most teachers/professors, Know Nothing about what it takes to make things happen in small businesses.
This is a small operation that is working in Indonesia because they can get things done and the labor is cheap.
Lots of gold coming out of Indonesia

Baru gets write-up by Bob Moriarty's 321gold.com site

http://www.321gold.com/editorials/moriarty/moriarty102521.html

BARUF!

Baru CEO talks with CruxInvestor,