RE:RE:Cheerleadersnozzpack wrote: There is no financial motivation for MAE to acquire SGNL.
That would be disastrous for MAE.
SGNL has a terrible balance sheet which will require even more dilution in a few months and millions more in capex for an asset that has no reserves , overseen by Kevin whose history of reserve conversion is known to all ( see MAKO ) .
So please keep your deceitful cheerleading to the SGNL board .
Nozzpack... you can call me a "bad investor", but I'm not a cheerleader. I'm always open to discussion and I call the good and the bad shots. You should know it... You got your chances when you first published on SGNL's board. You were posting false information and I did correct you at the time. Same for your buddy Shiftyone.
No, I'm no cheerleader. I'm questioning about yourself though... taking the control of the bullboard and providing rosy glasses statements ad nauseam.
I'm trying to be factual and realistic. You are saying that Sprott is in the driver seat now... well retail shareholders do not have anything to say, that's what I deduced from that. Also, what would happen to the SP if/when SGNL sell their shares? And what about the Senior notes that were issued that would matured in 2025?
Those are things that concerned me. IMO, Garrett is more on the side of Dundee and others than on the shareholders side.
Also, MAE accepted all the liabilities regarding the deposits around Point-Rousse. That's a risk and that explained why SGNL accepted to sell Point-Rousse at that "low" price. Oh, and there is also all that ca$h burning keeping P-R in care and maintenance (as they do not produce gold yet).
Anyway, if the SP does not go up before 2025, well NFG (which you are a shareholder, right?) will be able to buy MAE on the cheap if they so desire.
Hopfully I can get at least my 15 cents average.
GLTA