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Bullboard - Stock Discussion Forum Skeena Resources Ltd T.SKE

Alternate Symbol(s):  SKE

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

TSX:SKE - Post Discussion

Skeena Resources Ltd > An up day? A leak of drill results? Financing?
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Post by metalhead666 on Dec 13, 2023 10:11am

An up day? A leak of drill results? Financing?

Hardly mentioned are all the drill holes done to see if they can find Eskay 2.0 with those 2 ounce per ton veins at the contact mudstone.....all of them should be at the lab and surely some have been assayed so someone knows.....the company has used "game changer" in regard to the model that shows the original deposit continuing to the north....if true this thing will blast off.  I have no idea how probable this is but there was a lot of buying in premarket which is rare....so something could be going on.
Comment by metalhead666 on Dec 13, 2023 11:37am
A whole days volume in the 1st hour....don't see that very often.  I'm chatting with the company now trying to get a clue regarding drill results.  If there are some spectacular drill holes I find it hard to believe they could be kept secret. The first holes drilled should be done by now. 
Comment by rdy2rumble on Dec 13, 2023 2:26pm
This isint good.. I hate to see these types of days.. B.S
Comment by metalhead666 on Dec 13, 2023 5:04pm
It's fantastic!  The FED is now golds friend. All the headwinds are now tailwinds. Tax loss selling is done, shorts running for the hills and nothing but good news coming.
Comment by rdy2rumble on Dec 13, 2023 6:54pm
Agreed on those fronts Metalhead.. Hate seeing potential leaked info though. does nothing for the credibility of the company IMHO
Comment by lumpy13 on Dec 13, 2023 7:42pm
The other possibility is a coming buyout bid.  In a recent presentation, I got the sense that Walter would welcome an acquisition.  
Comment by metalhead666 on Dec 13, 2023 8:10pm
He had a good reply for sure. It all comes down to how much.  These prices won't last long so if a major had designs on some developers they're going to act fast or pay up
Comment by AlwaysLong683 on Dec 14, 2023 12:58am
I wouldn't be getting ready to break out the champagne yet. This was a big day for gold in general with Powell indicating there may be interest rate cuts in 2024. SKE finished strong, up 18%, but dud companies (IMO) like LAB (15%) and IAU (10%) were also up big on no news. Are there multiple "leaks" of drill results going on with a bunch of companies at the same time....?......or is ...more  
Comment by metalhead666 on Dec 14, 2023 4:49am
What was different was the amount of buying in pre market. SKE was taking off well before Powell lit the fuse. 
Comment by metalhead666 on Dec 13, 2023 8:09pm
If you were the one doing the assays and you saw some game changing results....would you tell your cousin to buy a few shares?  I'm not saying that's what's going on only that the temptation has to be huge and if SKE did hit the extention of the original Eskay deposit then it really is a game changer. Won't have to wait too long to find out....I'm just quessing now.