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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 Rogg47on Apr 29, 2021 10:29am
150 Views
Post# 33090571

RE:Why now?

RE:Why now?
longagau2 wrote:
Actually, I can't seem to come up with a scenario in which it makes any sense to the current shareholders or to the company to offer these flow through shares before the PEA is released. Anyone got a good reason? I hope it comes out with time.

Unless the last quarter (and after) was a disaster, if we're still cashflow positive and many millions in the bank, nope there's no valuable reason to this financing.... We'll see with the FInancials but with the "infos" we have as of today, can't get it.... And buyers aren't showing up so for, market isn't impressed with that call. After all these years in that play, this company keeps "surprising" me.......    

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