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Bullboard - Stock Discussion Forum Signal Gold Inc T.SGNL

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 > Very long-term holder back
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Post by 160k on Apr 14, 2023 4:53am

Very long-term holder back

Does anyone have any concerns over the possibility that Bullock may NOT obtain the necessary project financing of $300M + $21M to repay Nebari?  I am a long-term investor.  Should Bullock obtain the capital, then I see Sgnl at $1.50 at that point.  Secondly, Sgnl has already consolidated its share capital twice over its history...which is 2x too many.  Does anyone see another such consolidation?  I would oppose this very STRONGLY!  It is very good to see that most smart investors are holding their Sgnl shares very, very tightly.  With gold heading to $2,100 US/OZ, Goldsboro could generate over $270M annually based on 100,000 OZ/y
Comment by iq4u on Apr 14, 2023 7:40am
Hello 160k, I myself am thinking over that question since the stop of the Point Rousse project including Stoger Tight. After I heard Kevin saying it a lot of times that he is looking on their shareholders I believe that they are doing everything needed to make a good financing of the GOLDBORO project. Anaconda built up a 20,000 ounces of Gold production successfully and no we have 100,000 - 200 ...more  
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