Signal Gold Inc T.SGNL

Alternate Symbol(s): SGNLF

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.

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Signal Gold Inc

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Post by DoumDiDoumon May 16, 2023 9:52am

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Post# 35450061

RE: Question... from someone who doesn't know

Shiftyone:

Btw, it was nice to read the news release today about the placement :)

How does it work. And the total number is unknown.

But if they borrow $300 million. And it takes 18 months or more until actual production.

If that was borrowed over 5 years.

How do you make the $60 million a year in loan payments when you have no revenue?

Is that factored in with the original loan. So you take the payments of of the loan?

I'm not being mean. I just don't know how that works.

As I suggested you a couple of times in the past, feel free to contact Rob Dufour and he will explain you. You might not be "mean", but we can surely question your real motives behind your questions and posts though...

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Two micro-cap stocks with strong fundamentals