Signature Resources Ltd V.SGU

$10 000/ oz.

[Alex1726]

This is where gold is going.

[monte7]

Signature will be trading @$4:00

[bober2]

Apparently, at rheir next AGM meeting they considering a consoldation.  Did you hear anything about that in recent news releases, I can't find anything on their file.  I know they have 142.7 million issued and outstanding that maybe the reason.

[bober2]

Monte7, Signature maybe trading at $4.00 a share somewhere down the road but at the next AGM the prinicipals of the company are contemplating a roll back.  The number of shares issued and outstanding is 142.7 million shares.  It;s definetly a candidate for a 10 for 1 rollback.  I own 20,000 shares now and if there is a rollback I'll end up owning 2,000 shares which means if the

[monte7]

Where did you get this idea of a roll back, Why would the Chairman and President push for a roll back, whe they just got 3,000,000 options at 7 cents to join Signature, would they not be cutting their own throat with a roll back. why not wait till the winter drill results are in and if good the stock should move up .If you own 20,000 shares I would sell now, get your $3,000 and go bash another

[bober2]

Monte7, I emailed Signature and this is what I was told.  IAt the next AGM meeting they're comtemplating a possible roll back.  If they don't roll back I'll be thrilled because I've held this stock over ten plus years and I want to make some money.  I agree 142.7 million shares is not a lot of shares for an exploration company but it depends on how debt they have for

[monte7]

Hard to believe, that management would tell you whats coming up at the next General meeting.Compared to other Junior, with the same sahre structure, Signature should be trading in the .30 range

[Alex1726]

I also read that a reverse split coud be done , but so what. It' a no brainer that they'll need to issue more equities. It has not been proven yet by a 43-101 but there is at least  over 234 000 oz of gold and more importantly it is a high grade deposit , average of 6,8g Au/t With a market cap of $24M there is a lot of upside. Don't worry about a reverse split

[bober2]

Alex176, I worry about a reverse split because the stock price usually goes back to pre reverse split.  The insiders never get hurt because they get options all the time and the investors lose out big time with less shares.  I've been in the stock market for over forty years and that's the way it works everytime.