RE:RE:RE:RE:A new offer would be great!DoumDiDoum wrote: iq4u wrote: 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!
iq4u, you are the one holding the list of shareholders with their position in SGNL. You can update my position to be 408K and the one from Mestengo to 141K. I just had a call with Mestengo and he told me he would vote against the deal.
I calculated that 85M shares are needed to have the deal reconsidered. As a first step, if we can demonstrate here that we can get a nice chunk, we will force their hand.
Regards,
Poker
Hi DDD,
I don’t think it is a great idea to view this offer as a starting point. This OFFER is a NEGOCIATED deal between the Management of both companies, and it also extends to other important actors like Nebari and deep pocket investors involved in the financings. The BMO process has run its course, and it seems this is the best offer for current shareholders in the eye of SGNL’s management.
It is not a BUYOUT offer, it is a MERGER of 2 very undervalued companies that see a path forward to production with the benefit of a bigger and stronger entity. It will be easier to get the financing needed with a bigger set of assets to put up as collateral.
It is not a hostile buyout offer like Anaconda did with MAE. And I would like to remind you that MAE tried to play hardball at the time and the offer was taken away and MAE never received better offers, and the original MAE shareholders have been diluted to death since then.
If you take IQ4U’s estimation of bringing up the sharecount to 500M shares just to get rid of the Nebari debt, current shareholders would effectively be giving away 50% of Goldboro to the new shareholders. And that is to start off with absolutely no working capital. A lot more dilution would be necessary just to stay alive while we wait for a better offer.