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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 28, 2013 4:25pm
283 Views
Post# 21704421

WONDERFUL NEWS: horrible response continued:

WONDERFUL NEWS: horrible response continued:
Stockhouse has edited out my use of "bast...rdization" (use your imagination.

Anyways, the selling off of the stock again is disheartening in light of great news.  I believe that ANX receives a perpetual royalty for production being put through the harbour facility itself at Tal Tal.  That may be the quarterly payments that Dustin is speaking of.  The other payments have caps but in any case, will greatly help the Company to move forward.

The sell-off is a function of the share price.  When you have a great stock like this trading for mere pennies, it is so easy for almost anyone with a few hundred dollars to buy in and then sell-off quickly to capture a bit of a gain.  If the stock were trading where it should, this kind of flipping in and out could be deterred somewhat.  I can't understand why anyone would sell this stock in the first place anyways.  The way to make money is to hold this one long-term.  It is competing for credibility at .08cents and that is its greatest problem:  the stock price.  Who would believe that an .08cent stock is for real and could become a mid-tier company some day soon?  It is almost impossible to find another like ANX with NO DEBT; growing production: its own milling facilities: a huge, resource-rich consolidated land package; alternate source of income from its investment in Chile; intelligent Management that is itself invested in this Company and wants to see it become a great success story and a penny stock level Company trading on the Big Board, instead of the Venture Exchange where stocks are being ignored and many going for days without a single trade registered.

I am staying put and remaining with ANX until which time it grows into a mid-tier operation.  I believe it has all of the elements to achieve this!
Bullboard Posts