Skeena Resources Ltd T.SKE

Big trade this morning

[jfan22]

This morning I saw an 8.83M share block sold at $15... This is obviously a very significant transaction. Who owns that many shares and who was it sold to? Interested to see the filings soon unless my trading platform had a glitch lol

[seveneleven711]

important info to discover for sure........buyer/seller.........just before important second quarter news to come

[jfan22]

Unfortunately it seems to be Barrick selling their position.  https://www.barrick.com/English/news/news-details/2020/barrick-signs-definitive-agreement-on-eskay-creek/default.aspx They held pre-split 35,325,000 shares (assuming full exercise of their warrants), which is 8,831,250 post split. Exactly the size of the transaction this morning... The buyer identity will determine whether this

[jfan22]

If i had to guess, their Reko Diq news this week seriously changed their capital profile, especially near term as they revamp the FS and their overall ounce profile.  They chose to progress on thier already owned tier 1 asset rather than maintain a privileged position  to own Skeena (after another >$1B capital outlay) in the future. Hopefully the buyer is another major mining

[tannin]

Barrick gone (if), is fine; more nb, who bought