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Bullboard - Stock Discussion Forum Seabridge Gold Inc T.SEA

Alternate Symbol(s):  SA

Seabridge Gold Inc. is engaged in acquiring, exploring, and advancing mineral properties, with an emphasis on gold resources, located in Canada and the United States. The Company holds a 100% interest in several North American gold projects. Its principal assets, the KSM project, and its Iskut project, are located in Northwest British Columbia, Canada's Golden Triangle, the Courageous Lake... see more

TSX:SEA - Post Discussion

Seabridge Gold Inc > John Paulson - gold "whale"?
View:
Post by Krishak5 on Apr 10, 2022 11:16am

John Paulson - gold "whale"?

Paulson & Co. is one of the top five shareholders of SEA holding 2.7%.

'Ted said that the gold 'whale' in the Other Reportables category...which he believes is John Paulson...is still there -- and appears that he took delivery of about 5,000 contracts worth of gold during April, so he remains long gold by about 35,000 contracts in the COMEX futures market...down from the 40,000 Ted reported last week.'

From:

"Battle Stations" For 'Da Boyz' in New York on Friday

Comment by Krishak5 on Apr 10, 2022 12:38pm
The whale "took delivery of about 5,000 contracts worth of gold during April". I COMEX gold contract = 100oz gold. 5,000 contracts = 500,000oz X $1,946 = $973million.
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