RE:RE:RE:M Partners Oct /22 BUY Rating on Signal Gold $2.10 targetnozzpack wrote: The change in the name from Anaconda ,,..which traded above $2..to Signal is one of the reasons for our low volumes/ lack of investor interest .
Anaconda was well known to investors as its history is long.
Signal is probably unknown to most investors as they would never associate that name with Anaconda.
Many investors dumped Anaconda during the neglected gold sector in 2022.
I wonder how many recognize that Anaconda is now Signal with a nee trading symbol.
Wow seriously nozzpack, if you assign the bad performance of 2022 with the name change, than you should go through the posts from 2022 around the time they announced their intention to change the name (thye name changes in May). The name change was rather accepted by the shareholders as being something positive as "Anaconda Mining" was not "well known" to investors as you say. In fact, there is another Anaconda Mining company in the USA and people were confused about both companies.
As for the history attached to the old name, well it's not as glorious as you seem to think: a small 20K to 25k operator for 10 years in NFLD struggling the last 3 years to make money out of small satelite deposits. The new name is the "signal" that a new era, one focusing on the world-class Goldboro deposit, is beginning.
The bad performance of 2022 for the share price can be explained by a couple of things. It starts at the end of 2021 when Jonathan Fitzgerald, a member of the board, dumped his tons of cheap options from his days with Orex on the public market at the end of 2021 anytime we got good news to work on with. He killed the momentum we got at the time and was working against the rest of the board. The community here raised their concerns to the BOD and they kicked him out of the board. After that, it was not the same and people took profit after the nice run from 40 cents up to the nineties. After that, we faced a really quiet market and management was working on filling the Environment assessement. So, I do not think it's because of the name change at all.
The good news is that we reached the floor in 2022 so it's time for you and your friends (did you reach your 7 figure yet as I do not see a lot of buying right now...) to buy.