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Bullboard - Stock Discussion Forum 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... see more

TSX:SGNL - Post Discussion

Signal Gold Inc > Marketing
View:
Post by MAKEITBACK on Nov 11, 2021 5:46pm

Marketing

The only reason to hold this stock at this time is the fact that it is a producing mine. Goldboro is a long way from production. If gold goes to $3000 then this company has the potential to generate $50,000,000 a year which will cover development of Goldboro without dilution. This is why it went over $1.00 previously. I feel like management let mine production slide while they focused on Goldboro. They say we are on track again in the fourth quarter to get production back up ( and years of future production) . They should be screaming it from the mountain tops, but you have to dig to find that info. The average investor that looks at this sees a decent deposit of gold (Goldboro), but no money to develop it and an exhausted mine. Companies like NFG and ESK have incredible deposits of gold and silver, but no income generator to develop those resources (other than massive dilution). I don’t think they market this thing properly.
Comment by DoumDiDoum on Nov 11, 2021 6:46pm
They have done that during the past two years and it did not pay as they ruined it all out with the first 3 bad quarters at Argyle. If NFG and MOZ has done well without producing, I think ANX can do the same thing with Goldboro IMO.
Comment by GoldNHill on Nov 11, 2021 7:44pm
We had a tough few quarters of Argyle production. Did not help, but the next several quarters are supposed to be back on track with record production dovetailing with rising gold prices. Profits will be in record territory but not giant dollars as compared to most producers (our general issue). Extra production cash goes to drilling pit 3 in Goldboro and partially financing Goldboro which will ...more  
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