Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 DoumDiDoumon Sep 18, 2022 10:07am
174 Views
Post# 34969764

RE:Time

RE:Time
longagau2 wrote: Time is running in SGNLs favour.  Time is running out for MAE.  If a merger is to happen, it would be much much much better for SGNL to wait.


Sure, we can play it the "shark way" by letting time running.  But Kevin suggested several times that they do not want to play it the aggressive way. I agree with him. Waiting a couple of months could weaken MAE's position in a deal with SGNL, but waiting too much might also make that deal more diifficult for SGNL in the current market conditions: financing the developement of Goldboro will be tough if the markets do not get better for gold miners.

Having Hammerdown ore processed at P-R could help in getting a better financing package and having 100K of dor bars a year will certainly help in financing Goldboro. Waiting too long might allow some other players looking to consolidate projects in Newfoundland and offer more for MAE and pay ca$h.  IMO, It's better to sit as "friends", objectively assessing the values of both companies and talk about how to build a new entity that could be the "consolidator" in the area instead of being eaten up by biggest sharks IMO.
<< Previous
Bullboard Posts
Next >>