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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 Aug 14, 2023 10:05pm
238 Views
Post# 35588205

ask?

ask?Ask management if they can spend the $3 million from Pointe Rousse,  or if it has to be put toward the credit facility.

DoumdiDoum,

Eric Sprott is invested in MAE now.

He is by far the largest shareholder of New Found Gold.  They are now involved with Maritime, and so by default he is as well.

I don't suspect that he micromanages every few million they spend, but you can be sure that his management ran it by him or his senior management before the transaction  occurred.

I'm still concerned about Maritime fundraising.  The monies they have spoken of cover the cost of Pointe Rousse.  But  they are still almost penniless when it comes to running the company forward.

We should see tomorrow how the fund raising went.
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