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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 Boutson Jan 18, 2018 12:50am
356 Views
Post# 27383130

The Anaconda Shuffle

The Anaconda ShuffleThe newbies are being schooled..... They're learning the "Anaconda Shuffle". It works like this. First, lots and lots of news releases about production. Ooooooh ya! The newbies love it! They love it so much they don't notice the company doesn't make a profit. Then the consolidation is announced.... but the newbies all love it because the future is going to be BIG!!! The newbies buy more in anticipation of riches to come..... Oh no! A financing is announced at WAY below the current share price. The share price drops to the financing price. All the insider buddies load up. Over time the newbies drive the price up as those who bought into the cheap financing unload...... Since the company doesn't make any money the shuffle repeats, over and over and over again! Get ready for the announcement of a BIG FAT financing at well below the going share price. Don't you just love the Anaconda Shuffle! Don't you enjoy all that dilution and consolidation? Isn't school great! Who's making the money?
Bullboard Posts