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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 shiftyoneon Oct 26, 2024 8:35pm
63 Views
Post# 36283710

RE:RE:Merger DD: Pre-Merger Financing Is Good For SGNL

RE:RE:Merger DD: Pre-Merger Financing Is Good For SGNLDDD,
"At today’s NEXG's market cap of $61.73M, that represents a market cap of (If X is SGNL MC then X=0.35×(61.73+X))=$33.24M for a 13 cents share price."

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

that to me is good news, but terrible news to me at the same time
:(

Does that mean the almost 50% they are diluting SGNL before the merger is fair?

The financing is for 8.7 cents.  With a half a warrant at .118.

So if this is worth .13 as per your calculations.  The warrants are already in the money.  The 8.7 cent shares you say are worth .13.  A gain of 4.3 cents, or 50% more immediately.  Plus the warrants.

And the 50 million warrants from the SGNL side do add to the dilution, and eventually there will be a cost to the new company because of those warrants.

Are you sure that it is worth 0.13 a share?  Because if it is accurate, well then somebody negotiated a terrible deal.

Almost a 50% dilution.

Can you check your numbers again?  I've been hard on myself.  I can't figure that hard math out in my head anymore.

Thank you for your contributions.



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