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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

Comment by DoumDiDoumon Dec 10, 2020 11:54am
141 Views
Post# 32077036

RE:RE:RE:RE:RE:Gold !!!

RE:RE:RE:RE:RE:Gold !!!Benji, I will answer in English...

So, usually, we are seeing a drop in the SP in December in about all juniors because of the tax loss selling season.  Investors that bought at a higher SP during the year than the current SP in December can declare a loss on their tax form.  They cannot buy back the stock for a period of one month when they use that tax credit.  So, this is causing a selling pressure in December but gives a nice boost to the SP in January when they buy back!

December is almost always a good month to get cheap shares.  But this year for ANX, there were only about 3,5M shares on the TSX bought over 63 cents during the peak so there is not a lot of people with red in their ANX holding justifying to take advantage and the risk to declare a loss and be blacked out for a month.  There are too much catalysts for ANX in my opinion for taking that risk.

I have a stink bid at 52 cents for ANX, but I do not expect it to be filled to be honest.  I succeeded in getting some cheap shares for other plays though.

Good luck with your strategy!


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