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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
Comment by 160kon Apr 10, 2012 6:26pm
199 Views
Post# 19778104

RE: Couple of things and THAT BLOCK!

RE: Couple of things and THAT BLOCK!

Hi NineLives:  When you mention the venture exchange I assume you know that ANX is a TSX-listed security.  I apologize if I have misinterpreted your use of "venture".  Also, the Alpha Trading Platform which you mention, handles a very tiny amount of the trading in ANX and in most cases, very little, if any ANX shares at all, are exchanged there.

 

I looked closer at that block on Wednesday, March 28, 2012.  After referring to the Daily Record of TSX transactions, yes indeed, that was an "officially-listed" block trade of 5Million,640,500 shares at .11/all valued at  $620,455.000 and ranked #1 on that day's list of the "Ten Largest Blocks by Volume".  There were 11 trades that day in ANX, 2 of which were at .115cents (Open at 4,000 @ .115cents).  The final volume was 6M,135,424 shares.  My own BMO account gave the final volume as being 4,500 shares higher, for some reason, at 6M,139,924 shares. 

 

Today, Broker 79 came into the market and bought almost everything in sight at .10cents.  I managed to catch 4,000 shares at .095cents right at the opening bell again, just like on that day noted above when I bought 6,500.  There were only 2 trades at .095 cents, right at the opening, totalling 15,000 shares and then Broker 79 jumped in and bought most everything else at .10cents.

 

It is time that the sellers dried up and let the stock move up a bit.  .10cents seems a little bit too low for my liking, everything considered.  The Company needs more exposure.  Perhaps a CEO interview segment on BNN would help or a profile on BTV, something I had suggested to their I.R., some time ago.  In relation to its peers, ANX really is grossly undervalued. 

Bullboard Posts