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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

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 GoldinMind123on Apr 06, 2023 11:52pm
161 Views
Post# 35384330

RE:Signal Gold and Rambler Minerals Are Making A Big Mistake

RE:Signal Gold and Rambler Minerals Are Making A Big MistakeMoose,

I don't think you understand the situation correctly.

1) Rambler didn't pull out... they went insolvent. Unfortunately the writing was on the wall for years.

2) Point Rousse had virtually no resource left. Sure they posted a resource for Stog'er but after the Argyle struggles...they made a decision to not take a risk to pursue a couple of years of making pennies when they had the more substantial Goldboro deposit.

Sure with current prices they would have made more... Hindsight is 20/20. They may have considered it at these prices but now the workforce is largely gone... and what if they struggled as they did at Argyle? Bad enough having to fight these prices to finance the biggest gold deposit in Nova Scotia into production let alone trying to do it while posting losses in the pursuit of pennies and sacrificing making matters worse.
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