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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 > Why don't we take some of that 9 million we have
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Post by shiftyone on Jan 31, 2023 11:17pm

Why don't we take some of that 9 million we have

And continue drilling?  Take 5 million of it and keep going?

I'm sure the other 4 million can pay management salaries for a few more months.

Why would we stop drilling when the equipment is there and we have all this cash?  That would be money well spent I think if we want the share price to go up. Why not do it while we have this big wad of cash?  This seems like a terrible price to be raising money.

Why wait until next fall?  Just keep going!

Keep drilling.  Take 5 million of the 9 million.

And 2500 more ounces this quarter.  That's a few million more in cash flow after costs.

We are rich.
Comment by DoumDiDoum on Feb 01, 2023 8:12am
So the big hit hole might come in the second batch of results, not the one to come.
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