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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

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 NLMooseon Oct 25, 2022 10:33am
224 Views
Post# 35046447

Signal Gold Is Paying A Big Price For Ending Point Rousse

Signal Gold Is Paying A Big Price For Ending Point Rousse

With Signal Gold making a bad decision to not develop Point Rousse further, investors are truly paying a price for it today as the stock lost 25% of its value this morning alone.

That was expected as Signal Gold are losing a primary source of its revenue like Point Rousse, and Tilt Cove and Goldboro will not make up the difference until 2024.

It will also result in Signal Gold losing critical cash flow, resulting in bankruptcy.

What have you done Kevin Bullock?

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