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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 Aug 21, 2012 3:51pm
151 Views
Post# 20243383

Tractorboy: I don't think its a massacre!

Tractorboy: I don't think its a massacre!

You said it yourself, if you look carefully at the trading itself, it seems like the sellers are being forced into it.  Gold has been moving up steadily now hitting a recent recovery high again near $1640.00/oz and these sellers are giving their stock away for .08-.085cents???  They may have been short-sellers who got caught in the reversal of market trends recently to "risk-on" and equities back in vogue or they were very short-term investors looking to buy something they thought could be turned over in a few months for big profits.  I don't blame the buyers who are getting an opportunity to buy in at prices which we last saw over a year ago.  So these people are taking advantage of the opportunity of stupid investors who are willing to sell out at almost any price.  Maybe they bought in on the .07cent rights offer but whatever the case, this is the wrong stock at the very worst of times to be selling.  The potential upside sits right at the tip of our noses and maybe these people can't see what is there...you know...it is the old "trees for the forest" mentality.  The important factors to remember are that fundamentally, the Company is doing fine and the future looks bright (to me anyways).  I know of no circumstance or situation that should cause the stock price to fall back this way and as you said also, the volumes are very very thin so during this summer lull, we will see ridiculous swings in the price of good quality stocks.

Bullboard Posts