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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development 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 approximately 175 kilometers (km) northeast of the city of Halifax, 60 km southeast of the town of Antigonish, and 1.6 km north of the village of Goldboro, on the eastern shore of Isaac’s Harbour, in Guysborough County, Nova Scotia, Canada. The Company has consolidated approximately 28,525 hectares (285 km2) of prospective exploration land in the Goldboro Gold District.


TSX:SGNL - Post by User

Bullboard Posts
Post by 160kon Feb 10, 2012 5:03pm
355 Views
Post# 19518514

Client(s) pick-up 665,000 via National Fin.

Client(s) pick-up 665,000 via National Fin.

Well, here we go again, National Financial has transacted another huge block of ANX stock for either a Fund or a syndicate of investors or maybe an individual. (Thurs. Feb. 09/12).  Well, at least they/he are/is not afraid to pay the extra half cent or two.  The average small-time investor will fight tooth and nails not to pay that half cent and then one day, they miss the boat entirely over it...and wonder why?.  A new Board essentially taking over with much of the old guard leaving the Company.  What, if any, could this mean for the future of the Company?  ANX should consider buying out the existing NSR's (net smelter royalties) to which they are still obligated from the NIS days.  At this point they could offer a lump-sum payment and actually save money in the process.  I believe that Rambler has just finished doing the same with its Ming Mine property.  Rambler reports that they will be saving a great deal of money by paying their NSR's off early due to an existing clause in the agreements.  I wonder if ANX or rather NIS had that option (early retirement of the royalties) with the NSR's it granted to the previous mining interests that held the Pine Cove property.??

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