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Signal Gold Inc ANXGD


Primary Symbol: T.SGNL

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 longagau2on Feb 11, 2021 9:32am
128 Views
Post# 32536178

RE:Conspiracy Theory

RE:Conspiracy Theory
Anx is in a good long term position. It has millions in the bank and a steady stream of income. It has no debt. It is progressing well at Goldboro (although we all wish it was bigger). There is no need for a partner to develop goldboro, no need for a major capital raise, good chances a lot could be done by debt financing. So ANX is not desperate. There are not signs of a major acquiring lots of shares here, Doum di Doum watches the transactions like a hawk and while there have been a couple institutions buying lately, there does not appear to be b2gold or abx buying for example. I think management is invested enough that they would hold out for a really good offer if there was a takeover or goldboro sale. So, I am not sure what the point of a downward manipulation would be. We have had lots of warrants exercised lately in the .45 or less range. I bet a lot of those buyers would be happy with a 40 percent plus profit on shares bought a few months ago. Regardless, if there has been a downward manipulation, I'm sure glad as I have been able to add on a bunch more shares than if this stock were trading at fair value! But what do I know. I am just long ag and au and see a huge potential in anx.
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