Bullboard - Stock Discussion Forum Skeena Resources Ltd T.SKE

Alternate Symbol(s): SKE

Metals & Mining Gold

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... see more

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TSX:SKE - Post Discussion

Skeena Resources Ltd > $3.50 a share? Im confused

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Post by realty on Dec 15, 2020 1:37pm

$3.50 a share? Im confused

Skeena just did a raising of money for $3.50 a share and its still trading at $2.81? I am confused. Can anyone explain what just happened? Thanks,

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Comment by dm27427 on Dec 15, 2020 3:35pm

They are flow-through shares, which have significant tax advantages that presumeably amount to more than the .70 difference between the current SP and $3.50 placement price. A Google search will lead you to more info.

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Comment by seveneleven711 on Dec 15, 2020 6:30pm

SKE still gets $3.50/share that is issued.........tax adv. goes to buyer of shares and $$$ must go to expl. drilling..........SKE is getting a good price for these shares issued.........someone wants shres...........in my opinion something is going on behind closed doors.....we may find out more after PP closes..........just an opinion..........share price should be 0.7NAV at this stage or $3.80.. ...more

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