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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

Signal Gold Inc. is a Canada-based gold development and exploration 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 in Guysborough County, Nova Scotia, approximately 175 kilometers northeast of Halifax, comprising an exploration license area of over 27,200 hectares (272 km2). The Project is subject to a positive Feasibility Study which demonstrates an open pit life of mine (LOM) with average gold production of over 100,000 ounces per annum. The Company also operates the Tilt Cove Project, a prospective exploration-stage gold copper project located within the Baie Verte Mining District, Newfoundland, with approximately 15,000 hectares of prospective mineral lands and 35 kilometers of high-potential strike length including the Nugget Pond Horizon, a geological unit that hosts the past producing high-grade Nugget Pond Mine.


TSX:SGNL - Post by User

Post by shiftyoneon Sep 12, 2024 8:11pm
478 Views
Post# 36221447

160 k this is terrible advice you gave.

160 k this is terrible advice you gave.Ask you private money manager.

you said.
"With patience, and faith and of course good business acumen, this is going to be a knockout of a project.  Avoid the negativity...
ignore those who spout it and remain positive."

----------------

When playing with penny stocks... which is what it is.  To avoid the negativity is terrible advice.  If you look at many many stocks, it turns out the negative posts have turned out in the long run to be the most honest and useful.

I'm not saying don't buy SGNL.  It could be an easy double in weeks.  Or it might not be.

Remain positive.  huh.

Ignore that they likely sold their shares in MAE at the lowest price ever and included the rights.  See the rights for MAE were for shareholders of record as of Aug 6 I believe.  But they got around that.  It makes no difference.  Dundee got all unexercised rights anyway.

The company in my opinion had to sell those shares to keep the lights on and not default on the terms of the credit facility.

With good business acumen.... this would not be an 8 cent stock.

The poor business acumen put them in a place where they are hoping for and needing a saviour.

Good luck.  But to tell people to avoid the negativity.  Well by doing that is how you lose your investment most of the time when it comes to penny stocks.  

There is always upside and potential huge returns from a penny stock.  But I say ignore the hype.

You bought today....  at maybe a good price.  But how have you done overall with SGNL all the years you have been buying it and promoting it?

My guess is not very good unless you are a trader.  So why listen to you now, after years of you being wrong?

Don't give bad advice.  I suspect your .075 shares are now for sale at .09.
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