If NRW acquires Primero (about two thirds of required acceptance...

If NRW acquires Primero (about two thirds of required acceptance votes are now in, with two weeks to go), we will also acquire a 7.3% interest in a second gold project*: SA project, Barton Gold which was formed “to pick up a bundle of prospective gold assets in South Australia from ASX-listed WPG Resources who went into Administration  in July 2018” [19/05/20; Barton procures production permit for Tarcoola]


Project ownership such as this  seems to me to be a new field for NRW.
But these are not bad times to be  owning  fields of gold?
- Last November Goldman Sachs analysts predicted 2021 would see gold break out of the US$1,900 trading range and reach US$2,300 per oz [see here], and others agree [including ANZ bank analysts].

Barton intends to list on the ASX as soon as it can after spending a large part of last year warming the market and setting things in place;
11/08/2020; https://www.spglobal.com/marketinte...id-bidding-frenzy-in-south-australia-59859982
05/11/2020; https://www.businessnews.com.au/article/Barton-secures-broker-heavyweights-for-ASX-listing

....And to do so with a strong board of confidence inspiring leaders including Graham Arvidson from Primero.
Last September it  hired “experienced corporate lawyer, Christian Paech”, who was previously ten years at Santos as corporate lawyer and company secretary [linkedin]
17/09/20 https://www.businessnews.com.au/article/Barton-continues-to-strengthen-board-ahead-of-IPO

I posted before about Barton [on 22/12/20] .... but will likely bring some/all (?) of the links over so as to collate them on  this thread as they are relevant to anyone else with an interest (not just in Barton Gold but in getting a feel for Primero).


My main takeaways so far are;
1) Byrnecut/ Mining Plus is closely involved as a past secured creditor of WPG. (It loaned WPG,  $20M in 2017 to pay Byrnecut/Mining Plus , to develop a plan  and work the Challenger mine - [28/12/2017; Mining Plus to develop an optimised mine plan for WPG]..
....and it doesn’t mess around [“We are the leading mining technical services provider...”]

2) that Matt Birney, of Business News,  so far knows more about Barton than most probably anyone  else who is  not directly involved with the company.

Barton has sponsored multiple stories from Matt to alert the public as to its’ doings.
This story “Primero goes long on Barton Gold” from 13/05/20; https://www.businessnews.com.au/article/Primero-goes-long-on-Barton-Gold indicates the Barton powers that be feel that with Parq Capital and Mining Plus being long term great mates and Primero on side,  and on site too, there will be lots of love both for and from their fields of gold.


Cheers

(*NRW currently  owns 14.72% of its’ gold client, Gascoyne Resources, as of 16/10/20 [re]