Signal Gold Inc ANXGD

Primary Symbol: T.SGNL

Metals & Mining Gold Industrial Metals & Minerals

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.

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Signal Gold Inc > Extremely low risk financing.

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Comment by shiftyoneon Feb 18, 2023 12:03am

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Post# 35293339

RE:Extremely low risk financing.

If you own a house worth a million dollars. And a cottage worth $100 000.

You go to the bank to borrow $50 000. They agree, but at a very high interest rate.

And, they require you to put up both the cottage, and the house up as collateral to get that high interest rate loan.

I would suggest that the bank does not have a lot of confidence in you.

That is why the share price did not go up after announcing the financing.

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