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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 GoldNHillon Feb 17, 2021 9:09am
133 Views
Post# 32582976

RE:Most significant comment from webinar yesterday

RE:Most significant comment from webinar yesterdayYes I have heard him say somoething along those lines.

I have heard him say that before on other investor conferences...basically willing to listen to any company interested in ANX assets.  He also mentioned StBarbara's acquisition of Atlantic Gold.  He mentioned that he and Robert continue to buy when not blacked out. 
Given that management has skin in the game they are like us looking for the best bang for our buck....that is important as opposed to just selling and moving along to the next fun company to peddle.
If an offer does come, it better be JUICY.
I am keen to see Goldboro get into production first as the shareprice should be 2.50ish at that point (depending on price of gold) and thus would most likely be higher than any offer tendered over the next 6 months.
Taking an early buyout does derisk for the investor and should put nice profit in all our pockets as we do not have environment permits as yet (currently the biggest risk (IMHO) we have for Goldboro - but no red flags as yet as noted by Kevin yesterday).  I feel that getting the cash to build the mill will be easy as the IRR from the Economic Study due end of year should be fantastic and make getting cash to build Goldboro will be like a cake walk with 5 open chairs.

My two cent$
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