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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

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 160kon Feb 26, 2024 4:26pm
220 Views
Post# 35900038

RE: Shiftyone

RE: ShiftyoneYour remark that when I attend at the SGNL H.O. I will only be told what they want me to hear.   This depends, of course, on the questions; how the subject-matter is broached, and who is responding.  As you know, there is more than one way to skin a cat.  As far as being way down in value vis-a-vis my investment in SGNL, this does not bother me given that I have been in similar positions many, many times before only to see the stock rebound  (often after I have sold!)  I have learned that being up and way down is par for the course in long-term investing and that a stock can rebound in a day and skyrocket.  It has happened to me countless times.  SGNL could be up on good news and that is why one must be incredibly patient with these investments.  Last time, this stock moved up on a positive cash flow (both top and bottom line) announcement, hitting $1.05.  Next time, it could do much better on more positive news.  I disagree strongly with your view on consolidations.  They rarely, if at all, work at this level.  News is the driver here.  Unfortunately, it is a bad time for precious metal and base metal stocks so even a consolidation of 10-1 for example (.95cents) in this investing environment, will only result in the stock sliding back again.  I will personally oppose any consolidation proposal.  I have already expressed my feelings about this to management and I will do so vehemently when I attend at the H.O.  Generally, I usually obtain revealing answers after respondents get used to me.  Remember Tilt Cove?  I wrote a compelling letter to management imploring them to hold on to this claim block.  They apparently listened and agreed with my argument...did they not?  Management is absolutely committed to the Goldboro project and whether it takes a year or two longer, they will see it through..given that too much has already been invested in it to simply walk away from it.  Stay tuned.  And thank you for your complementary opening comments...it is always nice to be appreciated.  By the way, when you mentioned that you watched the "Man Who Knew Too Much", I was not actually referring to it that way.  Que Sera, Sera!  
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