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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 GrumpyInvestoron Jan 02, 2022 10:05pm
199 Views
Post# 34278083

RE:2021 Annual Review For ANX And Outlook For 2022

RE:2021 Annual Review For ANX And Outlook For 2022Hi DoumDiDoum,

Thanks for that thorough review of everything that happened in 2021. I pretty much agree with your evaluation of the good and bad events over the last year, with only one exception. I consider that the "Argyle mess" is by far the biggest downer for the year. I am pretty sure that we would be trading well over a dollar right now if our Point Rousse production had been profitable as "promised".

After that mess, I don't see how the a big promotion campaign after the DFS could have moved the share price significantly and durably. The numbers of that DFS are very good, but they they won't stun the market on their own, even with stellar promotion. We need to get closer to production at Goldboro before that DFS can bring its full value (environmental permitting, discussions with first nations, financing).

The spikes we might get in our share price will more probably come from catalysts like production results that match (or exceed) what they forecast, great drill results in NFLD or NS, than from promotion efforts.

To be successfull, a big promo campaign has to be closely and heavily followed up with positive news. If not, the price will always come back down with time.
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