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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 30, 2024 12:00am
219 Views
Post# 35960792

One thing is for certain

One thing is for certainIt doesn't sound from the company that they expect to get the permits until next year.

I'm unclear tome about when they have to start paying the interest on loan facility. Msybe September.  I'm sure that I read they have to keep a mininum of $2 million dollars cash to not break the covenants.

If they have to sell before they get the permits they will get way less.

Vultures are circling.
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