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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 shiftyoneon Dec 05, 2023 7:04pm
235 Views
Post# 35770067

why raise more money at such a low price?

why raise more money at such a low price?They must have a bunch of results by now.  Aren't we all expecting that when tax loss selling ends, and they announce the drill results of a probable third pit, that the price should be much higher in January?

Isn't it a better time to raise money when the shareprice is much higher?

For those in the flow through pp, SGNL gets .17(loses some forward tax advantages), but the buyers of the flow through pp get warrants and it only costs them about .10 after tax breaks.

Why not wait until January?

puzzles me.  There is one CEO that I have monthly contact with... he tells me you have to raise the money while you can.
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