Skeena Resources Ltd T.SKE

What I heard

[templetooth2]

Thanks 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.

[metalhead666]

Well you would be wrong. The resource update is out the 1st week of June. It is not intentionally delayed. June 5-9th.  You can't infer anything from this interview. They did a good job raising all that money. You don't get to pick a high point and then make it happen. They made a calculated decision to pull the trigger when they did because they need funds, it was a good time and

[templetooth2]

Well, I disagree with just about every point you're making, but that's fine. You're entitled to your mistaken opinions.

[metalhead666]

They are neither my opinions or mistaken. I talk to the company several times per month and get my information directly from the source. I don't have to imagine things

[templetooth2]

I don't see this conversation going far. If you think management is doing a wonderful job raising money, you are one of the very few, again, IN MY OPINION.  I don't particularly care how many times per day, week or month you talk to some Investor Relations type. I form my own opinions on the evidence I see. I don't need a spin doctor to tell me all is sweetness and light. If you

[metalhead666]

Why don't you outline exactly how you would do things differently if you were senior management. Be specific and detail how you would have brought the project to where it is, how you would have raised the funds to do so and how you would see it over the finish line.  Carefully describe and contrast the methods and procedure you would have employed that the terrible management didn't.&