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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 > My suggestion would be:
View:
Post by iq4u on Aug 20, 2024 7:05am

My suggestion would be:

To solve the problem with the debt of 20M I would sell new shares.

Some investors wrote in the last months that the debt is a problem.

So if I would be in management I would sell 250M new shares at 0,10 CAD.
For every 4 shares I would give the option to buy 1 additional new share within 24 months at 0,50 CAD if this share price is reached.

So the position to negotiate would be a lot better I think!

Only my 2 cents, IQ

P.S.
I would personally buy also new shares at this conditions!
Comment by DoumDiDoum on Aug 20, 2024 8:58am
IQ: To solve the problem with the debt of 20M I would sell new shares. Some investors wrote in the last months that the debt is a problem. So if I would be in management I would sell 250M new shares at 0,10 CAD. For every 4 shares I would give the option to buy 1 additional new share within 24 months at 0,50 CAD if this share price is reached. So the position to negotiate ...more  
Comment by Tradernick on Aug 20, 2024 11:56am
The debt is not a problem, since the project financing will take the debt out.
Comment by DoumDiDoum on Aug 21, 2024 11:04am
The debt might not be a problem if a JV partner shows its nose, but it certainly brings some pressure...
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