Post by
templetooth2 on Jul 22, 2022 5:03pm
Hopes
Was reading Canaccord's Q2 preview of PM producers. Most interesting was the comment they expect SSRM to have $1.3 billion cash by year end.
If not SSRM, I gotta believe some other mid-sized company is (or should be) getting ready to pull the trigger on a deal. The developer sector of the gold market has been hardest hit in the recent gold stock collapse. It's sort of understandable: if Marathon, or Skeena, or Troilus needs to raise a hundred million dollars in equity, or several hundreds of millions in a time frame measured in quarters, not years, the market smells blood.
Under current market conditions, Skeena could certainly raise the necessary equity - I'm guessing $200 million. After all, if Argonaut can do it, anybody can. Necessary question is how many pounds of flesh would be carved off (dilution) in such a scenario.
I hope we don't have to endure such a painful exercise. My hope is the "FOR SALE" sign gets planted shortly after or concurrent with release of Feas. study. Personally, I'd take 2/3 of a SSRM share in a heartbeat.
Comment by
metalhead666 on Jul 22, 2022 5:05pm
Excellent points. I wouldn't be surprised at all if Marathon, Skeena, I-80 and Artemis all get bought out.