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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 > It will be very interesting what they sell..
View:
Post by shiftyone on Apr 04, 2024 2:49pm

It will be very interesting what they sell..

and first off...I asked you all last week not to run the price up.  I wanted and still want to be an owner when it sells.  But you are all making it much more expensive :)

What happens if they just sell the Goldboro project on it's own?  Say from another company who already has a stock listing.

But they keep the SGNL listing and their Tilt Cove project NFLD.
What would happen to the proceeds of the sale?  Obviously the debt would have to be paid.  But would the rest of proceeds be given to shareholders, or would SGNL be a litsted company, with Tilt Cove and possibly looking for other projects, who had no debt and xx million dollars in the bank.  With the same management?
Comment by Rogg47 on Apr 04, 2024 3:10pm
I would vote against this kind of transaction, don't want this Management to "manage" the proceeds of sale!! Bonus, payraise, expense accounts and at the end almost nothing for the Shareholders!!.... 
Comment by GoldNHill on Apr 04, 2024 4:35pm
Everything is on the table...selling Goldboro is one possibility...they may do a JV or royalty deal...and ya they may sell the whole thing or parts of it...all depends who is at the table...lots of options here to consider...lots of buying going on...that is for sure...not a lot left at 11 cents....hopefully they find a good favorable option for the shareholders.  Gold price is for sure ...more  
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