RE. Mining Stock Daily Interview With Morgan LekstromNEXG seems to be heavy on the promotion these last few days.
In the interview, they state the financing (for NEXG) is already fully subscribed or oversubscribed. Otherwise they would not have announced it.
When will SGNL start promoting? Are they fully subscribed already?
I take most of these interviews with a grain of salt. There were errors in the presentation from Morgan Lekstrom the other day.
The interview with him yesterday, shared today by DDD. Thank you for that. Also has errors.
He talks about the $21 million US debt that SGNL has because of the Nebari credit facility.
he states "key to remember is that they were producing when they took on this debt". Then the markets went I forget the word, to the dogs.
That is not factual. They took out the Nebari credit facilty in late Feb 2023. At that point they were no longer a producer. The shut down Pointe Rousse about 4 months earlier, then spent a couple of months cleaning up the scraps;
This concerns me about the new to be CEO of NEXG
Kevin took over Anaconda, which became SGNL April 3 of 2019. There was a brief but significant dip in the shareprice for a few days before and after. The price was still 0.15. Just prior to him taking over, and just after the price was around .25.
This price of gold was just over $1400 at that point. Today it is just about double that to $2700/
The company since that time has raised just about $30 million since then not including warrants and rights exercised. They borrowed over $20 million CDN. They sold pointe rousse for $4 million dollars. In one year alone, 2020, they had $40 million in revenue from Pointe Rousse. Plus the revenues from 2018,2019, 2021,2022,
So SGNL spent over $100 million dollars in those years.
The price of gold doubled.
The shareprice is half of what it was back in April 2019
The market cap is $20 million dollar.
I don't know if that is who I want to run my company with those results.
And DDD, your post today
"We have some more angle about how the deal was construct. It's been worked on for a long time... even before the creation of NexGold if I understood well."
you didn't have to wait for that interview to realize that. The Shiftyone told you about 3 days ago :)