Post by
megacopper on Feb 10, 2021 2:37pm
Profit taking
Looks like investors were in the mood to take a little off the table today. Not surprising given how much the stock has risen in recent months. Longer term ESK has the best ground in the Golden Triangle with a dozen or more high quality targets so I suspect the share price will be much higher once the drill program gets underway this summer.
Comment by
tbnorthstar on Feb 10, 2021 3:49pm
More than just a bot of profit taking here. Take a look at SKE hitting a new 52 week high. Yes, stops probably got hit but it would not shock me to see the short interest rising in this one. All things being equal, ESK will be much higher this summer/fall - unless the market cracks up - which is always a possibility given the level of excitment being shown by investors presently.
Comment by
QuestAcademy on Feb 10, 2021 5:52pm
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Comment by
Dormie18 on Feb 16, 2021 4:42pm
Agreed. A 20-25% percent re-trace is pretty normal after a run and the perception of a quietier period ahead for a few months with Eskay. That said, Skeena spoke at this virtual conference earlier this afternoon and shared some insights on the immediate area. https://www.virtualinvestorconferences.com/events/event-details/global-metals-and-mining-investor-conference-sponsor