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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

Post by Rogg47on Nov 13, 2024 2:50pm
74 Views
Post# 36310882

Another FAIL by our "beloved" Management...

Another FAIL by our "beloved" Management...Adding to a "nice" collection of bad moves, they've lost in their MAE position, selling them at the bottom, RIDICULOUS!!... From the latest Interim Financials on SEDAR:

NOTE 9. INVESTMENTS
"As part of the sale of Point Rousse (note 3), the Company received 23,970,218 common shares of Maritime valued at $1,078,660. The Company accounted for its investment at fair value through profit and loss. The Company sold all common shares held in Maritime in the nine months ended September 30, 2024, for proceeds of $842,577. Based on the realized sale price, the Company recorded a loss on investment of $235,913 for the nine months ended September 30, 2024"
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