Signal Gold Inc T.SGNL

News from the BOSS

[Benji 2000]

"For the remainder of 2023, Signal Gold will be focused on demonstrating the potential scale of the Goldboro Deposit and greater Goldboro District and optimizing the operating parameters of the Goldboro Project."

~ Kevin Bullock, SGNL CEO

It's not clear to me...they will do nothing on the the financing side for Goldboro Project as they said on our corporate prospectus ?? If not ? how they can begin on Q1 2024 ?

[DoumDiDoum]

Oui Benji... pas de travaux majeurs en 2024 moins d'un revirement positif pour le prix de l'action qui permettrait un financement de la partie quit (en actions) un prix beaucoup plus haut.

[linvest]

The financing was supposed to cover the repayment of the 21M $US credit facility (from which we already drawn 16 M $US) which expires on February 2025 with one year possible extension. So no wonder why the market is nervous when the Goldboro financing plan change. Better to get excellent drill results or a huge raise in gold price, otherwise massive dilution ahead.

[Beersy24]

Be nice to see a updated crux interview with some Q & A.