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Signature Resources Ltd SGGTF


Primary Symbol: V.SGU

Signature Resources Ltd. is a Canadian advanced stage exploration company focused on expanding the 100% owned Lingman Lake Gold deposit, located within the prolific Red Lake district in Northwestern Ontario, Canada. The Company is focused on precious metals. The Lingman Lake gold property consists of approximately 1,300 staked claims, four freehold fully patented claims and 14 mineral rights patented claims totaling approximately 24,761 hectares. The property package hosts multiple regional gold discovery potential. The property is situated in the Lingman Lake Greenstone belt consisting of a complexly folded assemblage, of mafic metavolcanics, felsic metavolcanics and metasedimentary rocks.


TSXV:SGU - Post by User

Comment by bober2on Dec 09, 2020 9:56am
94 Views
Post# 32066426

RE:RE:$10 000/ oz.

RE:RE:$10 000/ oz.Monte7, Signature maybe trading at $4.00 a share somewhere down the road but at the next AGM the prinicipals of the company are contemplating a roll back.  The number of shares issued and outstanding is 142.7 million shares.  It;s definetly a candidate for a 10 for 1 rollback.  I own 20,000 shares now and if there is a rollback I'll end up owning 2,000 shares which means if the stock goes to 4.00 a share I'll have $8,000,000 dollars in equity holding a stock for twenty years.  To me playing the market for over fifty years usually rollbacks ocurr when the company is not doing well or is short on funds.  Now that we have some good news they want to roll it back.  They did a flow through not to long ago and they are still looking for more money.  What is the potential of this deal not very good ias far as I can see..
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