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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 Feb 11, 2021 9:26am
93 Views
Post# 32536098

RE:Conspiracy Theory

RE:Conspiracy TheoryPutting big asks at a certain level is one of the strategy to kill the momentum of a stock or to keep it low.  Now, to adhere to your conspiracy theory, it would be useful to know how this 450k ask at 62 cents is structured.  What I know is that there are 6 sellers for this block.  If there is one big seller and the rest is composed of small orders, than yes perhaps someone wants to keep the SP low so they can make a low ball offer later.

Unfortunately, I do not have the details of these 6 sell orders.  If someone has them and can post them, we could have a better idea about the intentions of the sellers.

If we are starting to see some bashers coming to the board in the coming weeks, than your conspiracy theory might be more and more plausible.  Just my humble opinion of course.
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