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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 Sep 12, 2012 5:34pm
181 Views
Post# 20354195

RE: Prospecting Environment in Nfld etc

RE: Prospecting Environment in Nfld etc

Thank you for that map bada123bing.  It is too bad that Pine Cove/Anaconda is not mentioned on it but it may be an out-dated representation of the mining activity in NF right now.  As far as a merger of Rambler and Maritime with ANX:  I am not sure that we would benefit.  Rambler is a British Company with a lot of interests with deep-pockets and they could swallow us up much like what happened with New Island leaving New Island a mere shell that will ultimately become a takeover by a private interest looking for an easy entry onto the VX OR: it will be suspended.  What I would like to see is ANX take-out a company with resources ready to be mined but can't finance itself to do it.  Something like Prominex Resources which is starving for capital even though they are working with Buchans.  ANX will soon have the wherewithall to accomplish another takeover, but on a larger scale than the NIS buyout of the Pine Cove Mine interest.  It is only a matter of time when this will occur.  -->

 

For those Bullboarders here, there is an interesting article on the Stockhouse Home Page under "INDEPENDENT REPORTS" and it is entitled:

 

                                            "Spot The Dog:  Gold Stocks Under-Perform All Other Sectors".

 

Hopefully, ANX will beat this rap and be the exception which I expect it will be.  We are in exciting times with gold at 1734$/oz and likely going higher with QE3 and ANX setting quarter over quarter production cash flow records.  I wonder what their net profit was for this last report covering FY2013 First Quarter??  Any ideas?

Bullboard Posts