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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

Post by iq4uon Jan 30, 2023 2:49pm
121 Views
Post# 35254575

Once the POG climbs over the 2.000 USD...

Once the POG climbs over the 2.000 USD......I expect this happening in the next time and then it will become very interesting for me!

I would not sell the mill and the "old" gold to early.
In Europe we have to struggle with the inflation.
Prices are climbing and climbing.
The Euro will collapse at some day in the future.
In my thinking this will happen not so far away from today because of overwhelming dept of the European Union.
Also we have big energy problem here in Europe.
We shut down our nuclear power plants and we do not have yet enough new energy.
Also we kill our combustion engines because of the electric vehicles but wo do not have enough charging stations and energy also.
We will get so much more problems here that people will buy more and more gold.
This was and this still is the best insurance against inflation.

So I expect a rising gold price and that is the reason why I am expecting that at some point Anaconda (Signal) will reactivate the mill an restart producing gold.
With that cash flow we will get a much higher share price and then we can easily finance the BEAST.
The second best way for me would be to sell the old stuff and use the money to finance the BEAST also.

These are my thoughts and I also have to say that first I apreciated that we have some more traffic here in the forum but now I am not sure that we do not have some new bashers in the forum.

I will try to buy some more shares and then at some day we will leave the Orphan Period and rise to new heights beyond 2 CAD. It depens on the POG if this will be around 3,4,5,6,7,8 or morge bucks a share.

GLTA IQ
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