Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

Skeena Resources Limited is a precious metals developer that is focused on advancing the Eskay Creek Gold-Silver Project, a past producing mine located in the Golden Triangle in British Columbia, Canada. Eskay Creek represents one of the highest-grade and lowest cost open-pit precious metals mines in the world, with substantial silver by-product production. It also owns the past-producing Snip gold mine (Snip). In addition to Eskay Creek and Snip, the Company also owns several exploration stage mineral properties in the Golden Triangle and Liard Mining Division of British Columbia. Its 100%-owned Eskay Creek Project is a high-grade volcanogenic massive sulphide (VMS) deposit. The Snip mine consists of one mining lease and eight mineral claims totaling approximately 4,546 hectares (ha) in the Liard Mining Division. It has staked a 74,633-ha Hoodoo Project, located approximately 65 kilometers northwest of Eskay Creek. It also has interests in KSP property.


TSX:SKE - Post by User

Post by templetooth2on May 26, 2023 1:22pm
297 Views
Post# 35466053

What I heard

What I heardThanks to metalhead for posting that interview.

My interpretation might well be different from your own, but I heard a clear downward massage of resource numbers expectations. After all the drilling in the last year or 18 months, we should probably expect to add another year of mine life - so ballpark 350,000 ounces. That is disappointing.

Resource number delayed until sometime in June. I have never understood the huge amount of time it takes to produce these numbers. But Skeena is not alone in taking a LONG time to produce said numbers.

Very lame explanation for the $7.30 bot deal when short weeks prior the stock price was briefly over $10. Put it down to those evil short-sellers who smelled blood in the water, i.e. SKE needing money.

Whatever the news flow over the next 6 months, good, bad or indifferent, we KNOW there's going to be a big equity component in the financing package arriving in the December-January timeframe. Bet on January. Also bet (heavily) that the issue price of said financing will be a HUGE disappointment. You do not want to own this stock beyond November. Walter has completely screwed up the last two offerings which were for rather modest amounts of about $30 and $65 M. When they need $200-odd M it's gonna be REALLY ugly.

Only caveat to the above fiasco-in-waiting is the totally unpredictable possibility of somebody making a hostile takeover bid. I don't see that happening because any bidder is going to want access to all the available info re deleterious elements.
<< Previous
Bullboard Posts
Next >>