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Signal Gold Inc 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.


TSX:SGNL - Post by User

Signal Gold Inc > Can't wait for those financials!
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Comment by shiftyoneon Mar 02, 2023 3:22pm
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Post# 35315847

RE:RE:RE:RE:RE:RE:Can't wait for those financials!

RE:RE:RE:RE:RE:RE:Can't wait for those financials!Grumpy said,
The Point Rousse assets will simply have been exchanged for an equivalent value in cash, that is still icluded as collateral. There is no increase in the risk for the lender and they have no reason to ask for the proceeds of the sale.

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So the cash is still included as collateral you suggest.  If it is collateral, they cannot spend it to help pay the bills as you state.
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