Skeena Resources Ltd T.SKE

RE:RE:Did i miss some news

[AlwaysLong683]

templetooth2 wrote: Ascot got funded. Headline number is $200 million.

Gets me to thinking Skeena should raise some bucks at $8 plus.  We all saw what a complete disaster they engineered in raising a VERY MODEST amount ( $30 million ) at $6.05 a few months ago. 

Note to the arithmetically challenged: Raising money at $8 plus is a huge improvement over raising money at $6.05. Like about 35% better for us shareholders. 

Sprott recently commented on the possibility of SKE raising money to fund early works. Obviously, Sprott has been in touch with the co. on precisely this idea, if not more. I think SKE should nail down $100 million at $8 plus while the nailing is relatively good.  Of course it would have been FAR better to have issued stock at $15 a short six months ago. 

Point is, selling stock at $8 or $9 is a huge improvement over dealing with bloodsuckers when they know you are absolutely desperate for funds.

In my view, $100M at $8.00 would be very tough to pull off anytime soon as you need underwriters willing to take that many shares.at that price per share. Any company wanting to do an equity raise just doesn't declare the amount and price per share when it's ripe for them to do so and underwriters just accept it. It's a two-way negotiation.

Ever since it's big share price drop from March to July ($16 to $6), it has bounced around in the $6 to $7 range for the majority of time to date, so any new equity raise would likely fall in this range unless and until the share can sustain a higher price range for a significant period of time.