Signal Gold Inc T.SGNL

Loan

[winedoc]

whats uo kevin ?

[GrumpyInvestor]

We knew that we were running out of cash because of the Argyle disaster. And, even if production got back to anticipated levels, a large portion of the ounces produced had to be given away because they were pre-sold at the end of last year. We definately were bound for a financing to be able to finance the work being done for Goldboro. At the present share value, that would have been very

[onetimer]

Grumpy I dont think the gold prepayment is "postponed" until 2023, i believe it has been elimanted altogether. As per the news release.  the net proceeds will be used for the repayment of the existing gold prepayment facility This means within  the next year , anaconda will have to pay $8 million back, but does not have to deliver hte 253 ounces per month anymore. Tha

[longagau2]

With the new loan, ANX can keep trucking along without dilution until well into next year, assuming ongoing disaster at argyle, and the loan will not even be needed at all if Argyle starts to perform. This should remove that stupid going concern statement they had to put in the MD&A. I hate reading going concern paragraphs when they pop up unexpectedly like that. As for the annual meeting, I