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Signal Gold Inc 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 shiftyoneon Feb 19, 2023 8:37pm
67 Views
Post# 35294605

RE:RE:RE:RE:RE:Answers To Shiftone Regarding Credit Facility

RE:RE:RE:RE:RE:Answers To Shiftone Regarding Credit FacilityThey talk about Kevin's ability to raise money.  And he has raised a lot in the past.

This is what I consider a hurdle.

Everytime that he has raised significant money in the past,  those people have lost most of their money.  So it will be harder now for him.

Because if you believed in someone in the past and invested 10's of millions.  And you lost most of it.  You will really be hesitant to invest 10's of millions again.

I think with a new CEO the price would double immediately.

I'm still betting that they can run the price up.  Or hoping.
The market usually knows ahead of time.  I'm hoping that we will have good results.  But again, the market always knows ahead of time.  which makes me think results might not be what we are hoping for.  that is likely already priced in.

I bought thinking the downside was very limited.  But after the financing terms last week, that is no longer the case.

Talk to me Doumdidoum.
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