Maritime Resources Corp V.MAE

Report…Signal Gold May Not Get Goldboro Approval

[nozzpack]

Just saw this today on the Signal BB.

If true , what was a disastrous move to sell all of its Point Rousse assets to focus on Goldboro will now 
be even worse.
That was just a year ago.
We May get the Tilt Cove assets very cheaply in such a scenario .

Hopefully, that scenario is over stated..

[colt45acp]

Last time news release permitting was advancing unless you have a more updated to the updated news release. Bring it on NOZZ. Iam sure you can back it up, updated thatis. Fed. most time will drag its butt.

[shiftyone]

Even if SGNL had the approvals today, there is no indication anyone would want to or be willing to bail them out of all the monies they have coming due in the next 6 months. Their last financials showed they were down to actually a couple of million working capital after paying bills due, and to maintain the required $2 million in cash and working capital  required in the nebari facility

[shiftyone]

This is a cbc article colt that is newer than the news release. By the way, it does mention first nations with respect to Goldboro.  SGNL has stated in the past that the relationship was good and that could be the case.  But the delay in the Federal Permits, should they be approved, is maybe a year or so.  But negotiations with First Nation could and often do drag on for years

[nozzpack]

Shifty, your call is on the mark. Kevin B has been a disaster where ever he went. But, very well paid. Too bad for the Signal shareholders..

[colt45acp]

I think most what CBC REPORTS  is fake news. Rather here it from the horses' mouth. Just saying.jmo