Signal Gold Inc T.SGNL

Doesn't include expenses since Dec 31.

[shiftyone]

So i don't know if I am right.

They were at almost negative 5 million at Dec 31.
Plus 8 million owed to Auramet.

So negative 13 million.

Suppose a couple million spent this quarter (conservatively)

they raised about 20 million cdn through the desperation loan.

They might get a million or two from pointe rousse this quarter.

So someone tell me where i am wrong.  After the big loan, they have about $6 million to survive the next however long?  And now they have a $21 million dollar debt to boot.

I am  not an accountant.  If they have 6 million... and they are doing new feasibility studies, concrete work????.  when do they run out of money?

[GrumpyInvestor]

If you start by stating that you're not an accountant, perhaps it would be safer to make sure you understand the numbers before going on a posting frenzy full of half truths and outright false statements.  Any portion of a debt that is due within the next 12 months is a current liability. So the $US 8M due to Auramet was the $11M presented as current portion of loans and it's

[shiftyone]

hey I just said that a minute before you did!  But thanks! the option... well I guess there are conditions attached to that which I did not have the priviledge of seeing.  Can  you explain the conditions.  The release said there are conditions to access that.  What are they? Thanks for the feedback! How much cashflow do you have left at the moment to get you through to

[iq4u]

Thank you very much for answering! Normally we should not answer the trolls but so much bull sh*t someone has to clear it up!