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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 Jan 07, 2016 6:13pm
135 Views
Post# 24438366

RE: Prepayment Amount given for Auramet's $500,000

RE: Prepayment Amount given for Auramet's $500,000Does anyone here feel that the discount given to Auramet for their prepayment of the 510ounces of gold was a bit too steep? I understand this can be compared to Anaconda getting an operating loan and paying an interest charge for it but right now, based on the discounted price, isn't ANX losing out when you consider that gold closed well over $1100.00/oz U.S.$ today and could go much higher given the threat of a Middle East confrontation between the Saudis and the Iranians plus the recent test of an "H" bomb by that idiotic excuse of a leader of North Korea plus the addition to this toxic mix of dozens of other flash points around the world? The reality is that fiat currency is in trouble...big time so! There is so much debt and so much "fantasy" money being "produced" to cover that debt that currencies around the world are in many instances, worthless. Trudeau wants to keep us in deficits for the next 3 years and he is beginning to feed off the "gravy train" as if the taxpayer in Canada was some kind of money-making machine for him. The same is moreso here in Ontario where the Premier has essentially bankrupted the Province and continues to search under every rock to find ways and means of taxing Ontarians even more. The Fraser Institute just recently stated that right now, every man, woman and child in Canada owes the national treasury $35,000 and this amount in total is approaching 1.3Trillion$ province by province vis--vis the national government's share. Our money is losing its buying power so fast now that one must worry about the ultimate end to this. Is it likely that our big-time currencies such as the U.S.$ will eventually implode? Experts think so. Following this scenario, gold could one day reach 2,000$ or 3,000$/oz or possibly more.
Bullboard Posts