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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 nozzpackon Feb 16, 2023 10:23am
68 Views
Post# 35289723

RE:RE:RE:US$21.0 Million Financing

RE:RE:RE:US$21.0 Million Financing

We are now $40 million in debt and diluted by another 15 million shares.
SN knows something that most don't know.

Why did they not seek a sale of the NL assets much earlier which would have made this debt added on debt unnecessary .

And what a waste of time Yesterdays webinar was.
Reading off their corporate presentation and rationalizing the debased share price on Algos.

Yeah right.
How about a string of negatives including yet again another production miss at Point Rouge.

So, management are now comfortably enscounced in their salaried jobs for another year or two.

And pricing looks good for their optiins at 25 cent options at the May AGM..

 

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