Skeena Resources Ltd T.SKE

RE:RE:RE:RE:RE:RE:Market cap drops to $300 million after hours..LOL!

[AlwaysLong683]

metalhead666 wrote: I've been told it will be debt with a possible silver stream.  The financials are plenty strong enough  The fact that the payback is just 1 year allows for short term debt option. 

If the financials are plenty strong enough, then why do an equity raise when the share price is near a 52W low? Why not just buy the NSR with cash on hand? If there is not enough cash on hand, then wait. What's the big hurry here? SKE hasn't even begun the permitting process or cut any funding / financing deals for the mine build yet and they are already trying to rid themselves of a small NSR and state that this is one of the reasons for the equity raise.

Why doesn't SKE do non-brokered private placements of flow-through shares like other companies where the buyer receives the tax credits SKE cannot use in a given fiscal year because they don't generate any revenue? Other companies do this at share prices signficantly higher than what they would otherwise receive because the buyer of the shares can use the tax credits to offset his own income, and thus these tax credits are of monetary value to him. However, I believe you need to find a party who is willing to buy all the shares via private placement likeNFG did with Eric Sprott , so perhaps no one can be found? I took a look at SKE's PRs for 2021 and 2022 and could not find a flow-through private placement, which is odd......anyone know why.....?