Skeena Resources Ltd T.SKE

Heading down the toilet: DOWN 4.76%

[BSdetector2016]

EOM

[FastFF]

It costs money to drill and do studies. If gold happens to crash with Covid vaccine coming, you'll then say how smart SKE was to fill the tank. Always a gamble on timing. Investors always like to get new shares at discount. They have the goods, so this is just a blip.

[paliman]

I totally agree Fasff the part i have a hard time with is that someone knew the price ahead of time and they acted on it and we find out after the market opens, is this not a no no ?

[FastFF]

The funds always know ahead of time as the bankers tip them off. Nothing you can really do - just stick with quality (like SKE) as the best recover. If the 'blue wave' had swept in the US, gold could have been up $200 by now. SKE shares have been flat for 4 months now. Hopefully ends soon and doesn't fill that $2 gap - so in uncertain times I think management did the right thing. It

[Ridgeback]

I also would agree with FF and  regardless of the world finding a vacine that's months away and once the US election dust settles the money machines start printing. Better to secure cash now than wait for unknown events. Au/Ag prices are still expected to stay lofty and well above $1350 US for Au which most companies base their production at. Good Luck!

[BSdetector2016]

All that money printing will only serve to push gold higher. Stimulus guarantees that. Gold weakness now is only temporary. Just look at historical seasonality. Coles could have sold a small stream or a royalty as the money would have been thrown at him.

[Quinto5]

Streaming or royalty deals are doable when there is certainty of NAV and production. SKE is still a year away from this milestone.