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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 Feb 07, 2024 1:18pm
190 Views
Post# 35867896

preliminary working capital

preliminary working capitalAs of Dec. 31.  $8.3 million

Probably close to $7 million now.... it is a week into Feb.

$2.5 million is flow through money for drilling.  So subtract that and more like $4.5 million for running the company.

The Nebari credit facility requires they maintain a cash balance of $2 million.

So I expect they will need to raise more money sometime in the near future.  Hopefully with good drill results it can be at a higher price.
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