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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 Mar 24, 2024 10:02pm
189 Views
Post# 35949967

I'll try to begin the discussion.

I'll try to begin the discussion.How do people feel about the latest release?
Do you feel optimistic that they will be able to sell it for a decent price?  Can they get $100 million... which will translate to a share price in the low .30's after debt is paid?  If so, it is a strong buy.

Will there be nobody interested in paying a lot for the company when if they let it go it will be sold as scrap by nebari?

Will the company get a partner, who is willing to look after the debt.  Then put $200 million in equity so that they can finance the rest of moving this project forward?

They said in a recent podcast or youtube video, a couple of months ago, that they were trying to do something to deal with the Narobi debt facility.  I can only assume that was not successful.

So, can they get a bit of money through pp to keep operating, no matter how low the price?

Or will they just run out of money and can't go on.

My guess is that someone will buy them for more than the debt.  But I don't want to guess as to how much the shareholders are going to get.  It could be 2 cents, and it could be 33 cents.

No one seems to want to talk about it.
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