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Signal Gold Inc ANXGD


Primary Symbol: 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

Post by shiftyoneon Feb 26, 2023 9:36pm
188 Views
Post# 35306306

Opinions requested on drill results and other questions

Opinions requested on drill results and other questionsWhat about the financial situation?

opportunities for pointe rousse?

burn rate?

were the latest drill results good?

what about the share price behaviour lately?  (there has really been only a couple of sellers... but 75% is held by mom and pop investors who tend to hold out hope)

what stimulii do we have to pop the share price in the near future?

with the latest financing, how much time do we have until we run out of money?

with signing the whole company over as collateral, do we really get to keep any proceeds from pointe rousse?

how long will the pointe rousse sale take?

With 8 or 9 new upper management hired, how much will we burn every quarter?

is 0.45 gram/ton of gold really feasible if it is going to take 400 million to get the mine up and running?

is an underground mine feasible at 2.45 grams/ton?

do we have any immediate plans for further drilling?

if and when we drill again, will they continue drilling on the western extension that we just received results from?

Or will they try to infill where we have proven and probable reserves?

Does our CEO have a reputation for being believable and we can count on what he says?

Does the CEO make misleading statements to investors that he knows are false?

Since we renewed and talked about auramet looking at all sources and options of financing again in november... how come we had to do that financing under the terms that we did so that they made sure that they got their money back?

Should a company have known that they were drilling into swamp lands?  If so, should they have been surprised by the need for swamp mats and used that for the reason we only did 2780 m of drilling instead of 4000 m?

in the webinar 2 weeks ago.  When the drilling was long finished.  Would it be reasonable that the CEO know that we only did 2780 m of drilling?  If he in fact knew, why did he say we stopped short at 3700m?

In early January, when the CEO talked about 4000 oz from pointe rousse in last quarter of 2022.  Did he not know then that there were some problems and we were not going to reach that previously stated goal?  If he knew, why didn't he tell us.  And how could he have not known?

In the webinar... the CEO made a comment.. I forget the exact words.  That he and other management would be buying at these prices.  But that they could not at that time because they were in a blackout period because they had information that others didn't?  Does that suggest that management knew the prices were not going to go up.  Even though they had some drill results at this point?

With no drilling, and the CEO suggesting that they would do heavy promotion after they get the financing to build the mine next fall.  What stimulus do we have in the meantime?

Do institutional investors put their money in this project?  If not, why not?

Are the financials going to be ugly this week?




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