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Bullboard - Stock Discussion Forum 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... see more

TSX:SGNL - Post Discussion

Signal Gold Inc. > What are you hopeful for
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Post by 5er on Jun 16, 2021 4:46pm

What are you hopeful for

I read with interest people suggesting we may get buyout offers and one has suggested a possibility of a $5 combo in money and shares from takeover company.

Personally I think there is much greater opportunity for a higher stock price when ANX gets Goldboro up and running in about two years.

I'm interested in what others are looking for.   What are you hopeful for?
Comment by VillaManya on Jun 16, 2021 5:19pm
Clearly I would love a $5 offer or price in the short term........but I am with you: I think we've got to wait until Goldboro is up and running before we see the stock price achieve its potential...........our only real hope for a massive short term lift is if the data is exemplary AND there is a massive bull market in the sector that leads to a wave of consolidation.
Comment by longagau2 on Jun 16, 2021 5:20pm
For me it is the excitement of the possibiility.  So, thinking about a near-term takeover is exciting.  However, you are right about the longer-term payoff.  As more ounces get added, studies get done and permtting gets done, ANX becomes more and more valuable.  So strategically, the longer-term outcome is better, but it is nice to get a bit excited about the possibility of ...more  
Comment by 5er on Jun 16, 2021 6:31pm
A buyout with cash and shares intrigues me.  As a long time holder it would give me some long over due cash reward but depending on the future stock price prospects of the buyout company, receiving some of their shares as well may also give me a higher rate of return long term rather than just a cash buyout at this time.   I do get concerned though if we give up golboro at a low ...more  
Comment by DoumDiDoum on Jun 17, 2021 8:00am
I'm hoping to have a re-rate after the PEA is published around 1.50$ and 2.25$ after the PFS is published.  I did not book profit yet but will certainly do so at the end of the year with 20% to 30% of my position.  For the rest, I will let it ride until we produce gold or until Kevin and Rob masterly arrange a great deal with a major after PFS or after commercial production is ...more  
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