Skeena Resources Ltd T.SKE

RE:RE:RE:Ske hype

[AlwaysLong683]

metalhead666 wrote: SKE will exceed $14 by a lot...let them build the mine, find other deposits and keep adding on dips. It's the best project in the world with only Trolius Gold offering more upside due to its ridiculously low price. AOT is a disaster...blown out share structure, constant cost overruns, narrow vein underground and too tiny a resource.  SKE and TLG are the only ones to own if you're looking for multi baggers....I80 is a good play too which I trade a lot but open pits are the way to go

The way I look at it, if insiders like the Chair or CEO aren't buying significant amounts of shares with their own money (especially if they believe these shares are a screaming buy at these prices like some general public investors seem to think), then it's hard to make the argument that this is a good time for anyone else to be buying shares either.

My personal belief is people move too soon to invest in these companies and ignore what I consider to be a good guide to try and avoid prolonged periods of dead money / range bound share prices (and thus use the funds to invest in other securities that will likely provide superior returns).

Specifically, I'm a fan of the Lassonde Curve, created by Pierre Lassonde, one of the founders of the very successful FNV. Thus, I like to consider a one-time large purchase when the company is coming close to finalizing all permitting / contracting / financing and getting ready for the start of the mine build. The only other time I might be tempted is if insiders started buying massive $ amounts of shares and I could get the shares at around the same price. After all, money talks, and if insiders are pumping their company but not putting large amounts of their own skin in the game, that's a red flag to me.