Bullboard - Stock Discussion Forum Signal Gold Inc T.SGNL

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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

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TSX:SGNL - Post Discussion

Signal Gold Inc > New NEXG Even more undervalued after the merger

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Post by andre171 on Dec 13, 2024 8:41am

New NEXG Even more undervalued after the merger

NEXG seems even more undervalued after the merger than before. Indeed, Enterprise Value has fallen from 7.6% to 5% of NPV@5% (gold $2500), while each ounce of MI+INF resources is now valued at US$11.7, compared with $17.9 before the transaction for the GGC asset alone. What are we to make of this when the price of gold has remained stable and high? Do we think that the merger devalued the new entity, which would surprise me, or that it was more favourable for NEXG shareholders than for SGNL shareholders, which could justify an increase in the share price (of the order of 50% to return to the same valuation levels)?

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Comment by GoldNHill on Dec 13, 2024 11:42am

Tax Loss season is still upon us...let's see what happens in the new year. Kevin has to move FAST. good news on the NS Mi'kmaw Chiefs Benefits Agreement...one step closer. Just need Industrial Approval and Fisheries Act which is in the final stages. Not sure where we stand with the Industrial Approval...hopefully get that in the next quarter or two

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