Shiftyone:
NEXG seems to be heavy on the promotion these last few days.
In the interview, they state the financing (for NEXG) is already fully subscribed or oversubscribed. Otherwise they would not have announced it.
When will SGNL start promoting? Are they fully subscribed already?
I take most of these interviews with a grain of salt. There were errors in the presentation from Morgan Lekstrom the other day.
The interview with him yesterday, shared today by DDD. Thank you for that. Also has errors.
He talks about the $21 million US debt that SGNL has because of the Nebari credit facility.
he states "key to remember is that they were producing when they took on this debt". Then the markets went I forget the word, to the dogs.
That is not factual. They took out the Nebari credit facilty in late Feb 2023. At that point they were no longer a producer. The shut down Pointe Rousse about 4 months earlier, then spent a couple of months cleaning up the scraps;
I agree to take all those "positive" interviews with a grain of salt. But it does not mean we have to disregard the facts/info being addressed in them. As for your quote from the interview, you quote it badly (no surprise here). To use the way you quote it, it would be more like: "key to remember is that they were actually a producer when they took on this debt". It's not the first time you twist reality to support your opinion. "Producing" and "being a producer" is not the same thing. Do you want me to explain you the difference?
Shiftyone:
This concerns me about the new to be CEO of NEXG
Kevin took over Anaconda, which became SGNL April 3 of 2019. There was a brief but significant dip in the shareprice for a few days before and after. The price was still 0.15. Just prior to him taking over, and just after the price was around .25.
This price of gold was just over $1400 at that point. Today it is just about double that to $2700/
The company since that time has raised just about $30 million since then not including warrants and rights exercised. They borrowed over $20 million CDN. They sold pointe rousse for $4 million dollars. In one year alone, 2020, they had $40 million in revenue from Pointe Rousse. Plus the revenues from 2018,2019, 2021,2022,
So SGNL spent over $100 million dollars in those years.
The price of gold doubled.
The shareprice is half of what it was back in April 2019
The market cap is $20 million dollar.
I don't know if that is who I want to run my company with those results.
Ok, long time bullboard members already got that debate over and over. We KNOW that you have a vendetta AGAINST Kevin Bullock. So your opinion is biaised. This time, you took some time to back up your argument (wow, I ecourage you to continue) BUT you must be serious in the way you build them. You provided some numbers (my confidence level in them is not that high but my argument does not really need precision) to support the fact that market captitalization of the company went down big time since he took over. We cannot debate on this. However, we can debate about the fact that you did not include all the element needed to support such an opinion as "Kevin Bullock" is a bad manager.
As I already said to you in the past (and you just flee, again, when I explained you the SAME THING at the time (
I guess I have a better IQ than you $hifty...), you need to put things in context, not just throw some numbers. For now, before going too deeply in the argumentation and passing too much time on it, I want you to consider this point: what about the market conditions during all those years? Can you find me "lot of good management" that did better than Kevin in the same period/context you're proposing? If you would be able to put aside the IMPORTANT MACRO ELEMENT, being the market conditions, than I would certainly consider your arguments. But for now, I can only accept your "biaised" opinion with what it is: you "think" Kevin Bullock is a bad manager. But be happy... you have Roggy on your side!
Remember the last time when we debated about the same subject? I provided a list of gold juniors to help in defining the markets' condition:
Gold Juniors Market In The Last 5 years: Are they all bad managers?
And to give more credit to that argument, do you think Frank Giustra is a reference in the mining sector? Do you think this guy took some good decisions in the past? Is he a credible source? I think he is (but take it as my opinion only). If you think it is, this guy is saying the same thing than me in the Kitco Interview I shared last week :
"I would have expected by now, seeing gold breaking the old high, making a decisive move into new territory, that the (gold junior market) sector will pick up but it hasn't, and I've never seen a market where there's such a disparity between the gold price and the mining equities. And I've been doing this since 1978. This is a very strange market, investors have completely disapear for this sector. Banks cannot find investors, we needed to be involved ourselves with our own money, our friends, our family, our associates, almost all the deal I have done in the last 12 months, we've had to place the bulk of it because the bankers can't find the investors, it's really a very difficult market. I think it will change because always, in any industry, when the profitability proposal gets interresting enough, like having companies producing gold at $1300 when gold is at $2500, that idea will reach to investors as sentiments always change. I believe that a higher gold price and consolidation process will turn that sentiment around."
Now go ahead and "demolish" Mr. Giustra so you could not accept my argument about including markets' conditions in your reasoning.
Shiftyone:
And DDD, your post today
"We have some more angle about how the deal was construct. It's been worked on for a long time... even before the creation of NexGold if I understood well."
you didn't have to wait for that interview to realize that. The Shiftyone told you about 3 days ago :)
Wow, something you can now brag on! Congrats.