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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 iq4uon Oct 30, 2024 12:57pm
412 Views
Post# 36289015

RE:RE:A new offer would be great!

RE:RE:A new offer would be great!Hi DoumDiDoum,

I am just disappointed about 0,08 CAD.

When I read the interviews and see the videos on youtube I get the feeling that Goldboro will be in production first and Goldboro has much more ounces in open pit.

We also do not have an updated FS.

Perhaps I will vote with 1M+ shares against the merger.
My most expensive shares I bought have been in the nineties and that is why I can not imagine to sell my shares at 0,08 CAD.

Look, now we have an oversubscribed financing.
So Siganl could also pay back the debt with a financing and then we would be without debt and could try to sell Goldboro for more money!

If we would get free of the debt with about 500,000,000 shares e.g.
Then if we could sell Goldboro for 100 US$ each ounce.
With a new FS we might get 3M+ ounces Gold, is that right or wrong?

100,00 US$ * 3,000,000 ounces = 300,000,000 / 500,000,000 shares = 0,75 USD/share = 1,04 CAD.
So that has to be our aim to sell Goldboro for at least 1,00 CAD each share!

That is what we deserve as old shareholders!

Maybe we need to get in contact by a better way. WhatsApp or anything like that to vote against the merger. It is ridiculous to sell Goldboro for 0,08 CAD each share.

How much shares does our Signal managemant hold?
Do they have siginificant skin in the game?
If you look at Frank Giustra and Sprott then they both hold 10%+ at NexGold.
Unfortunately our management does not hold that significant numbers of shares.
So our managament does not loose that much money as we do.
And our managemnt gets great jobs with high saleries from our money!

So the more I think about it the more the deal does not sound to me any more.

That is stealing our money!!!

Let us take action!

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