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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 DoumDiDoumon Sep 19, 2022 10:30am
122 Views
Post# 34971052

RE:RE:RE:RE:RE:Time

RE:RE:RE:RE:RE:Time
GrumpyInvestor wrote:

I think the reason that Orex got absorbed peacefully by Anaconda was because it had no other choice. They were out of cash and couldn't raise any capital. MAE is not in the same spot. They have alternatives, and I don't think the biggest shareholders make up a solid portion of the total holdings like it was the case for Orex. So, I don't think it would be easy to get shareholder approval.

I'm not saying that a merger would be a bad thing, If the gold market stays depressed for a long time, it might even be the only way for both companies to avoid major dilution like MOZ. But, I'm just afraid it would be hard to whip up a deal that would equally satisfy the shareholders of both companies.



I guess that your opinion is supported by most here seeing the number of votes you get vs mine!  So I'll be quiet promoting my "let's do it nicely" approach and be more patient.  Hopefully we keep finding enough ore around Point-Rousse to get the mill going otherwise SGNL will also hear the clock ticking and both companies might miss a chance to develop Hammerdown quickly. I trust Kevin and Rob, who has been successful with merges in the past, to manage that natural partnership with MAE the right way!

GLTA

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