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Signal Gold Inc 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

Post by DoumDiDoumon May 01, 2021 8:10am
270 Views
Post# 33107869

Weekly Stats

Weekly StatsCount down before PEA data is released: 4 weeks or before.

Well, well, well... we got news this week about a $8.5M financing for exploring and growing our properties.  Usually, that should be quite good news seeing that some funds are willing to invest some ca$h in exploration.  Having Raymond James on board, which has offices in the USA, might bring some new interrests to the south of the borders.  Kevin and Rob said we need to have institutions in the story and if we want them to buy and support the SP, well you have to provide them a chance to get in. 

Now, some are arguing that this financing could have been done after the publishing of the PEA since we have $14M in the bank, but with the bad Q1 results we got, with no addition to the cash reserve in this "lost quarter", and what is coming after the PEA is published, I say that it's a good move to keep this $14M for other expenses than for exploration activities.  We do not know what will happen with the POG and I find it wise to not bet our hard earned ca$h based on hopes that the yellow metal will reach $2500 this year as some gold bugs are saying.  So yes about 10M shares will be added to the count but our financial situation will be much better for the rest of the year no matter what happens.

I substracted 1 week to the count down of the PEA data NR as the AGA is on May 27th and Kevin and Rob are doing a presentation on May 25th at a German Gold Show.  It would make sense to have the PEA news before those important dates.

As for the market data, volume and averaged paid price are the same than last week.

Date Open Close Yield Volume ** VWAP*** VAWP Var. WAGP**** WAGP Var.
Apr 26, 2021 ! 0.66 0.66 -2.94% 1 006 559 0.662 -0.90% 1 772.00 -0.71%
Apr 19, 2021 ! 0.75 0.68 -10.53% 1 071 421 0.668 -9.97% 1 784.60 2.00%
Apr 12, 2021  0.76 0.76 0.00% 574 141 0.742 -5.60% 1 749.60 0.28%
Apr 5, 2021 * 0.77 0.76 -1.30% 609 553 0.786 2.21% 1 744.80 2.53%
Mar 29, 2021 *! 0.77 0.77 -1.28% 503 612 0.769 -2.29% 1 701.80 -1.77%
Mar 22, 2021 ! 0.79 0.78 -2.50% 1 080 949 0.787 -0.25% 1 732.40 0.17%
Mar 15, 2021 0.79 0.80 1.27% 900 444 0.789 0.00% 1 729.50 1.19%
Mar 08, 2021 ! 0.75 0.79 1.28% 1 220 148 0.789 0.64% 1 709.20 -0.79%
Mar 01, 2021 ! 0.82 0.78 1.30% 1 889 635 0.784 -2.49% 1 722.80 -3.95%
Feb 22, 2021 ! 0.67 0.77 8.45% 3 006 507 0.804 21.63% 1 793.70 0.18%
Feb 15, 2021 * 0.61 0.71 14.52% 2 154 954 0.661 10.54% 1 790.40 -2.66%
Feb 8, 2021 ! 0.57 0.62 10.71% 1 766 822 0.598 8.73% 1 839.40 0.55%
Feb 1, 2021 ! 0.57 0.56 -1.75% 416 801 0.55 -3.51% 1 829.40 -1.36%
Jan 25, 2021 ! 0.60 0.57 -6.56% 411 641 0.57 0.00% 1 854.60 0.37%
Jan 18, 2021 ! 0.55 0.61 10.91% 754 663 0.57 -2.73% 1 847.80 0.12%
Jan 11, 2021 ! 0.58 0.55 -8.33% 675 440 0.586 -3.30% 1 845.62 -3.86%
Jan 4, 2021 !!! 0.62 0.60 -1.64% 1 496 228 0.606 -1.14% 1 919.70 1.81%
Dec 28, 2020 * 0.60 0.61 1.67% 400 574 0.613 6.06% 1 885.63 0.46%
Dec 21, 2020 * 0.53 0.60 11.11% 776 685 0.578 -0.86% 1 877.00 0.87%
Dec 14, 2020 0.60 0.54 -10.00% 511 032 0.583 3.37% 1 860.85 0.52%
Dec 7, 2020 ! 0.55 0.60 5.26% 488 592 0.564 0.36% 1 851.24 2.04%
Nov 30, 2020 0.52 0.57 9.62% 475 507 0.562 8.08% 1 814.25 0.38%
Nov 23, 2020 ! 0.58 0.52 -8.77% 904 653 0.52 -12.31% 1 807.30 -3.70%
Nov 16, 2020 ! 0.62 0.57 -6.56% 2 109 461 0.593 -3.10% 1 876.80 0.12%
Nov 9, 2020 ! 0.58 0.61 3.39% 1 345 272 0.612 8.90% 1 874.50 -2.14%
Nov 2, 2020 ! 0.56 0.59 7.27% 908 715 0.562 -0.53% 1 915.50 1.61%
Oct 26, 2020 0.61 0.55 -8.33% 657 540 0.565 -1.74% 1 885.20 -1.12%
Oct 19, 2020 ! 0.54 0.60 13.21% 2 189 743 0.575 9.11% 1 906.60 0.09%
Oct 12, 2020 *! 0.58 0.53 -1.85% 723 012 0.527 7.77% 1 904.80 0.06%
Oct 5, 2020 ! 0.48 0.54 14.89% 1 324 751 0.489 0.20% 1 903.60 0.83%
                 
* Market was open 4 days or less during the week in Canada        
** Volume on the TSX only          
*** Volume Weighted Average Price          
**** Weekly Averaged Gold Price in $US          
An exclamation mark (!) indicates that news were published during the week      

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