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Signal Gold Inc T.SGNL

Alternate Symbol(s):  SGNLF

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 23, 2024 11:11am
56 Views
Post# 36278552

RE:RE:Pre Merger stock value diff between Signal and NexG

RE:RE:Pre Merger stock value diff between Signal and NexGI will be voting Yes with my pile of signal shares....yes for debt releif, merger to a much smaller share float, big names behind NEXG plans to advance one of two projects to production...you move over to NexG with the same current dollar value you have in Signal today (plus what looks like a 15% premium on the share conversion today)...

What is not to like here...alternative is to sit and hope Signal does not go bankrupt....they would dilute the company to death just servicing the debt and not be able to advance Goldboro as quickly as this new merger plan suggests.

Signal did not sell MAE....they did via Anaconda Mining tried to buy it for 16 cents...and ya look at the price of MAE today...0.06...would have been great if they did buy MAE for 16...Hammerdown would be going thru the PR mill today I suspect....sad...but MAE will probably get there after the 10-1 consolidation
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