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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

Post by 160kon Apr 14, 2023 4:53am
363 Views
Post# 35394590

Very long-term holder back

Very long-term holder backDoes anyone have any concerns over the possibility that Bullock may NOT obtain the necessary project financing of $300M + $21M to repay Nebari?  I am a long-term investor.  Should Bullock obtain the capital, then I see Sgnl at $1.50 at that point.  Secondly, Sgnl has already consolidated its share capital twice over its history...which is 2x too many.  Does anyone see another such consolidation?  I would oppose this very STRONGLY!  It is very good to see that most smart investors are holding their Sgnl shares very, very tightly.  With gold heading to $2,100 US/OZ, Goldsboro could generate over $270M annually based on 100,000 OZ/y
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