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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development and exploration company. The Company is engaged in advancing the wholly owned Goldboro Project in the Canadian mining jurisdiction of Nova Scotia. The Goldboro Project is an advanced exploration and gold development project located in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Bullboard Posts
Post by JamesBlenderon Aug 08, 2016 10:17pm
297 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

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