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Signal Gold Inc. T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is focused on gold mining, development, and exploration company in the top-tier Canadian mining jurisdictions of Nova Scotia & Newfoundland. The Company is advancing the Goldboro Gold Project in Nova Scotia, a significant growth project subject to a positive Feasibility Study. Signal Gold also operates mining and milling operations in the prolific Baie Verte Mining District of Newfoundland which includes the fully permitted Pine Cove Mill, tailings facility and deep-water port.


TSX:SGNL - Post by User

Bullboard Posts
Post by JamesBlenderon Aug 08, 2016 10:17pm
296 Views
Post# 25121407

Major Dilution Destroys Shareholder Value

Major Dilution Destroys Shareholder ValueYup, add 72 million shares of dilution and the value of your shares is reduced. The insulting thing with this most recent massive dilution is the price..... Shareholders expect the share price to be as high as possible before issuing shares, yet this company is perfectly satisfied to issue tens of millions of shares at half the current share price. How about issuing shares at TWICE the current price? What makes this even more insulting is their second most recent highly dilutive financing was done at 75% of the share price. This means they're going backwards. In other words, the trend is to give more shares for the same amount of cash. If this trend continues the next financing will be done at 2.5 cents! I wonder who might get those shares? Maybe there will be some cash for another CHARITABLE DONATION! Anyone can put me on ignore, I don't mind at all.....That way you can ignore the facts and stay in your sheltered little world of illusion....By the way....if this company is making the money that is being spewed here then why do they need to massively dilute their shareholders?
Bullboard Posts