Weekly Stats And Saturday Coffee A lot of volatility on the Markets right now. Gold finished the week going closer to $1600 than $1700, causing big losses for the GDX (-7%) and GDXJ (-7.9%). Tough markets for the gold miners for sure. Wise and patient investors had some stink bids filled this week and they paid in average 9.7% less than the week before for SGNL shares. Volume was still very low with only 70k shares traded on the TSX during this short week.
We received the IP results this week for the first 400 meters west of the current designed pits. Results are suggesting that there is higher grade ore for a third pit west and there is still room further to improve those results.
Morgan Stanley was the principal buyer this week and Anonymous was not very active. I think that the buyers are probably longs as we are currently in the orphan period of the Lassonde curve for Goldboro and if the EARD and IP results did not excite the markets, we can deduct that it will take some really good drill results to create a boost for the SP. With the tax loss season coming, we might have more volume to supply some Black Friday and Boxing day deals. I think that the big fishes are waiting for these deals. I hope Kevin and the gang will jump on these low priced shares after the financial results are published.
The exploration team is working on identifying juicy targets to excite some of the big fishes sitting on the fence right now. SGNL has never known the same level of excitement that some other companies have known when publishing nice drill results (MOZ, NFG for example) and the announced 4000m fall drilling campaign might set it up for SGNL for this winter.
As for Newfoundland operations and exploration, I get the impression that Kevin wants to lower the expectations on that side as he mentionned that this is not where they are looking for growth (https://youtu.be/X2w84xVkiL4). If this is the case, I guess that they have the cards they wanted in their hand to go "all in" on Goldboro. I'm wondering what will be the future for Point-Rousse.
Anyway, I think we can sleep well with our investment in SGNL as we are well positionned to ride through these soft markets. Kevin said we have plenty of time before doing a move for financing Goldboro. It means that we can afford to wait for the right conditions to secure the best deal possible. Meanwhile, they will work on the permits, drill Goldboro west and tell the story. Hopefully the labs are not too much busy so we can get those drill results during winter!
| Date | Open | Close | Yield | Volume ** | VWAP*** | VWAP Var. | WAGP**** | WAGP Var. |
| Oct 10, 2022 *! | 0.40 | 0.355 | -11.25% | 69 409 | 0.371 | -9.73% | 1 661.90 | -2.21% |
| Oct 3, 2022 | 0.39 | 0.40 | 2.56% | 78 336 | 0.411 | 15.45% | 1 699.50 | 2.92% |
| Sept 26, 2022 | 0.365 | 0.39 | 6.85% | 175 784 | 0.356 | -3.52% | 1 651.30 | -1.07% |
| Sept 19, 2022 | 0.37 | 0.365 | 1.39% | 67 447 | 0.369 | -0.27% | 1 669.20 | -1.68% |
| Sept 12, 2022 ! | 0.38 | 0.36 | -4.00% | 94 183 | 0.37 | 1.37% | 1 697.80 | -0.59% |
| Sept 5, 2022 * | 0.355 | 0.375 | 5.63% | 45 154 | 0.365 | -6.17% | 1 707.80 | -0.30% |
| Aug 29, 2022 | 0.435 | 0.355 | -13.41% | 142 939 | 0.389 | -9.32% | 1 713.00 | -1.89% |
| Aug 22, 2022 | 0.45 | 0.41 | -8.89% | 72 271 | 0.429 | -12.45% | 1 746.00 | -1.19% |
| Aug 15, 2022 | 0.51 | 0.45 | -11.76% | 200 994 | 0.49 | -8.58% | 1 767.00 | -1.43% |
| Aug 8, 2022 | 0.56 | 0.51 | -5.56% | 104 005 | 0.536 | 8.94% | 1 792.60 | 1.05% |
| Aug 1, 2022 !* | 0.43 | 0.54 | 31.71% | 303 527 | 0.492 | 18.55% | 1 774.00 | 2.42% |
| July 25, 2022 ! | 0.42 | 0.41 | -6.82% | 127 023 | 0.415 | -6.95% | 1 732.00 | 0.91% |
| July 18, 2022!! | 0.46 | 0.44 | 20.55% | 206 169 | 0.446 | 18.93% | 1 716.30 | -0.24% |
| July 11, 2022 | 0.355 | 0.365 | 1.39% | 203 482 | 0.375 | 8.70% | 1 720.40 | -2.48% |
| July 4, 2022 ! | 0.365 | 0.36 | -4.00% | 430 115 | 0.345 | -10.62% | 1 764.20 | -2.83% |
| June 27, 2022 * | 0.39 | 0.375 | -2.60% | 164 934 | 0.386 | -8.31% | 1 815.50 | -1.18% |
| June 20, 2022 | 0.45 | 0.385 | -14.44% | 289 500 | 0.421 | -4.97% | 1 837.20 | 0.49% |
| June 13, 2022 ! | 0.46 | 0.45 | -3.23% | 127 023 | 0.443 | -3.70% | 1 828.20 | -0.91% |
| June 6, 2022 ! | 0.47 | 0.465 | 2.20% | 67 724 | 0.46 | -3.97% | 1 844.90 | -0.07% |
| May 30, 2022 ! | 0.47 | 0.455 | -3.19% | 94 379 | 0.479 | 4.36% | 1 846.20 | -0.43% |
| May 23, 2022 * | 0.50 | 0.47 | -6.00% | 291 004 | 0.459 | -9.29% | 1 854.10 | 1.61% |
| May 16, 2022 | 0.52 | 0.50 | -3.85% | 224 891 | 0.506 | -3.25% | 1 824.70 | -1.04% |
| May 9, 2022 ! | 0.58 | 0.52 | -10.34% | 266 594 | 0.523 | -11.21% | 1 843.80 | -1.77% |
| May 2, 2022 ! | 0.55 | 0.58 | -1.69% | 185 500 | 0.589 | 0.51% | 1 877.00 | -1.05% |
| Apr 25, 2022 | 0.63 | 0.59 | -6.35% | 533 283 | 0.586 | -11.61% | 1 897.00 | -2.70% |
| Apr 18, 2022 ! | 0.68 | 0.63 | -11.27% | 487 499 | 0.663 | -2.50% | 1 949.70 | -0.68% |
| Apr 11, 2022 * | 0.69 | 0.71 | 4.41% | 502 727 | 0.68 | 0.74% | 1 963.10 | 1.49% |
| Apr 4, 2022 | 0.69 | 0.68 | -2.86% | 413 571 | 0.675 | -4.66% | 1 934.20 | 0.19% |
| Mar 28, 2022 ! | 0.71 | 0.70 | -4.11% | 326 256 | 0.708 | -1.67% | 1 930.50 | -0.50% |
| Mar 21, 2022 | 0.74 | 0.73 | -2.67% | 620 403 | 0.72 | -3.49% | 1 940.20 | 0.36% |
| Mar 14, 2022 | 0.72 | 0.75 | 1.35% | 521 756 | 0.746 | 4.34% | 1 933.30 | -3.18% |
| Mar 7, 2022 ! | 0.71 | 0.74 | 2.78% | 606 415 | 0.715 | -1.52% | 1 996.80 | 3.62% |
| Feb 28, 2022 ! | 0.75 | 0.72 | -6.49% | 435 657 | 0.726 | -6.32% | 1 927.00 | 1.20% |
| Feb 21, 2022 *! | 0.83 | 0.77 | -9.41% | 415 083 | 0.775 | -9.14% | 1 904.10 | 1.67% |
| Feb 14, 2022 | 0.86 | 0.85 | -1.16% | 620 571 | 0.853 | 0.35% | 1 872.90 | 2.56% |
| | | | | | | | | |
| * 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 |