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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

Comment by GoldNHillon Apr 12, 2024 10:21am
947 Views
Post# 35985489

RE:0,61% of all shares...

RE:0,61% of all shares...I suspect if there are folks reviewing their data to potentially make a deal with Signal, the insiders would all NOT be permitted to buy shares on the market if wheeling and dealing is happening.

Interesting note...I was on my mineral claims north of Goldboro on Tuesday past and what did I see in the sky.  A small airplain flying very low with an odd instrument sticking out the back.  The plane was flying north-south not too high above the tree line.  Each pass the plane was 100 meters or so further away from us.  Very obvious it was Signal Gold finishing up their airborne geophysics which they will be sharing with us.  Yes they did ask to fly over several of our mineral claim blocks.  It is way easier for them to flyover our claims then to have the plane fly such that it avoids the claim area not owned by Signal or for the company producing the geophysics data to chop off the data they give to Signal for just thier mineral claim block areas. Signal get to see what we have, we get free data...but they get to see the regional view....so win - win situation.

I suspect Signal will have their final geophysisc images in a few weeks...looking forward to reviewing the new dataset for Signals regional view of the Goldboro North area as well as our claim blocks which are scattered in and amongst Signal Golds mineral claims to the north of Goldboro.  The data sets will include magnetics and very low frequency (VLF).  Will be interesting to see how much more refined the datasets are compared to existing datasets produced by the government several years ago.

Give us a sweet deal Kevin/Rob n Paul...price of gold should be making negotions a bit more favorable to us shareholders.

I suspect that gold will probably not ever go back to $USD 2000 and will start to consolidate hopefully somewhere in this range...still lots of unknowns with interest rates and still slightly rising inflation...LOTS of central bank buying and China in a bit of a flight to saftey situation which also bodes well for gold not tanking in the short-term at least.  Uncharted territorys so who know what will happen.
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