Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Oct 15, 2024 6:07pm
454 Views
Post# 36267189

notes from About The Merger: Interview With Morgan Lekstrom

notes from About The Merger: Interview With Morgan LekstromIt was a paid interview.

with Morgan Lekstrom, President of NEXG

Near the beginning of the interview, he stated (on behalf of NEXG),
"We really got something with an enterprise value of $75 million for $25 million in shares"


The first priority is Goliath Feasibilty Study.

He talked about some further drilling in between the Goldwynn and Goliath properties which are 23 km apart.  Also, there will likely be further drilling in Goldboro.

If all goes well, they will have shovels in the ground at Goliath in about 16 months.  That depends on permits, first nations, financing.  

At Goldboro they are interested in drilling the western extension some more, but that is underground and not open pit mining to increase reserves.

He talked about SGNL having Tilt Cove as a value added asset.  An asset that he states is in Nova Scotia.  Perhaps N.S. took over NFLD and I didn't hear.  Or perhaps he doesn't know a lot about what he is talking about.

They want to focus on core projects.

Cash after the transaction.  He stated $20 million.  Much higher than I expected.

He speaks about the 0.6% NSR on Goldboro to Nebari for $6 million US dollars.  Not in the interview, but the release says that is being contemplated.  That seems very expensive to me.  Good for them if they can get that.  Will that $6 million if it goes through be a cash payment, or just added to the newly proposed credit facility?

He had a few things wrong.  That does cause me to question what else was wrong.
<< Previous
Bullboard Posts
Next >>