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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

Comment by GoldNHillon Oct 15, 2024 11:11am
570 Views
Post# 36266366

RE:About The Merger: Interview With Morgan Lekstrom

RE:About The Merger: Interview With Morgan LekstromWow...great interview...lots of details.

I did hear that infill drilling will be the main focus of Goldboro short term followed by and updated FStudy.
Also heard mine financing discussions are ongoing and that Goldoboro will likely be the first build, but as Morgan mentioned they are working to determine which will move forward first.

Was interesting to hear about how much skin NexG has in the game and how tightly the shares will be held after this merger completes in Dec.  Just over 100M shares oustanding after the close of this merger...excellent!

Morgan was just a little excited about the future upside potential at Goldboro....he sees it...any trained eye will see it! 

The way I see this is simple...Great deal for sure for NexG.  Value of the combined companies frees Signal of the debt and allows them to move Goldboro forward in a meaningful way...infill drill it (would be next to impossible for Signal to do this alone)...do FStudy (again cash strapped Signal could not afford updated FS in pre merger situation without dramatically diluting shareholders) and start mining from surface for decades to come. 

Lets GO...I will be holding as the future seems a lot brighter...same dollar value combining Signal Gold with NexG, but now we have the combined team to move this forward to finally realize some shareholder value. 
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