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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 bada123bingon Sep 22, 2015 1:25am
138 Views
Post# 24124099

RE:RE:RE:RE: Bada123Bing:

RE:RE:RE:RE: Bada123Bing:
Yes, I happen to be one of those shareholders that bought well over a buck and still, I actually believe in Anaconda. The turn around the past 4-5 years has been remarkable. We managed to pay off ALL debts ($14 million at one time). Somehow, Dustin managed to accumulate most of the Baie Verte Peninsula. Those New Island shareholders that are still with us also know the potential value of what this company can be. I happen to be an original Anaconda shareholder.

To answer your question (at what price would I be interested in selling?)

...depends on how each shareholder averaged down the past 8 years. Nine Lives is buying and accumulating as we speak. As you mention a $1 stock price would not be enough for you, but if you averaged down these past years and especially loaded up on a 4-5 cent stock price today, then a 30-50 cent price would look pretty good.

The blending from Stoger Tight and Romeo and Juliet   won't begin for at least another 9-12 months which means the process is slow. The faster we can start blending the faster we can drill those holes at Goldenville with that "Mother Lode" ready to be found, If that happens I agree that the price would be well over a buck. Until then an increase in resources from Stoger tight and western extension is what we're counting on. By the way, Stoger Tight would be open pit but Romeo and Juliet would be tunnel. Goldenville would be shaft .......As you can see it's gonna take a lotta money and time to develop these future sites.

We have NO DEBT, which means, time is on our side. Let's hope NI 43-101 will have good results to determine as to where and how we proceed. I'm sure Dustin already has his detailed game plan as to how we get to the next level of production (30,000oz/year). Unfortunately it won't be in this fiscal year but hope it will start in the next.

GLTA!!!! Cheers!!!

Bullboard Posts