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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 24, 2012 5:40pm
299 Views
Post# 20408544

RE:NEW ANALYSIS OUT: AND MORE!

RE:NEW ANALYSIS OUT: AND MORE!

RE:  goldpig:  there are those that say that there is absolutely zilch in Fort Knox and that there hasn't been any stockpiled gold there in decades and that it is all just a front.  I would imagine that China, Russia, and India, may hold the largest quantities of the yellow metal.  When the U.S. went off the gold standard (and before that silver i.e. the $1 note backed by  "silver certificates"), it became illegal to hold or trade in gold in the U.S.  If the U.S. does have the largest gold reserves in the world, then I wonder where it is and what they are doing with it?  I do agree with you that ANX is probably the best penny gold producing stock listed anywhere and with inflation likely to rise, gold should move upwards as well.  I predict that ANX will pop but suddenly, when we least expect it to.  Dustin Angelo has stated in his investor presentations that he wants ANX to become the most aggressive gold developer and producer in Canada and the fastest growing company on the Resource Board.  He says that he can grow this company organically and by M/A all funded internally by the cash flow generated by the Company itself.   As far as a merger with MOZ or Marathon, I believe that we would not be best served by this.  First of all, MOZ trades at a much higher evaluation meaning that we would be washed out somewhat by the ratio and secondy, there may be other opportunities around where we benefit by the ratio by taking over potential producers with very small caps and floats, but have no capital to do anything with their resource holdings.  I am still miffed by anyone who would be selling out just when the Company is on its way to becoming a mid-tier producer.   I just can't figure it out.  For a couple of pennies profit, these sellers are potentially walking away from a gold company worth 5-6X its current market valuation.

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