RE:RE:The BC Golden TriangleSeveneleven..... it looks like this is what we have been talking about since the halt, the Tahltan want to make money, bring jobs, and in turn, work towards protecting their land.
The Rights are priced at approximately $3.13 per Right, which reflects the five-day volume weighted average price for the common shares of Skeena. It now sure doesn't look like it was a coincidence for Chad Day to write about DBG, basically the stock price of DBG was moving higher and he had to force the issue now, which by the way, I think he has effectively done. The Board of DBG came to the stark realization they could potentially loose everything if they didn't try to negotiate. I use the word "try" because it is unclear at this point whether the Tahltan even want to do a deal given the past history with DBG.
In the case of Skeena, I believe the Tahltan waited too long to get involved so they have basically invested at the top of the price range, thus they don't have much leverage. However, in the case of DBG, Chad Day is likely pushing hard to get involved at these cheap prices so that they can have spectacular leverage. Just think about it, if DBG stock price runs to let's say $5 plus, then the Tahltan would stand to make about 20 X money, whereas in the case of Skenna, it has been played out a bit and the stock price would have to run over $60 to make the same money. I wonder how long the Tahltan have been trying to get this deal done with Skeena, did they perhaps start negotiating when the price was lower and it took a long time.
Good Luck, let's hope this all works out.