Skeena Resources Ltd T.SKE

Plunging again

[BSdetector2016]

Getting close to BMO. I suspect that the financing could be announced soon, along with the mega-dilution.

[metalhead666]

Financing will be out in the first half of this year. There will be NO "mega dilution"  If they doubled the share count it will still be the best project in the world.  Mines don't get built on their own goodwill...duh.

[AlwaysLong683]

Recent Events re. Financing:     ESTIMATED PRE-PRODUCTION CAPEX:   $713M CAD (Nov 14, 2023 PR outlining results of DFS)     FUNDING SECURED TO DATE:   Financial Statements as at September 30, 2023: Cash on Hand of $38M CAD   Dec 18, 2023 PR outlining $81M CAD financing agreement with FNV which includes: a) $56M CAD in exchange for a

[metalhead666]

That would be fine but according to Walter there will be little to no dilution.  Regardless of how it gets financed it remains the best project out there by far.  We have another opportunity to accumulate shares as disinterest in the group continues.  Once gold and miners become the next "thing" the move higher will be staggering.  That's how markets behave now

[AlwaysLong683]

Will be interesting to see how the rest of the initial capex gets financed. If a sizeable equity raise has been ruled out by SKE, the choices include debt financing (issuiing more convertible debt and/or pure vanilla loans), streaming agreement(s), and/or a joint venture with a small mining company. That said, I think 180M shares outstanding is very reasonable for a company like this at this stage

[metalhead666]

Trading at .17% of NAV now....it's cheap.  Walter seemed sure that there would be little if any dilution and a gold/silver stream would be a significant part of the financing.  Doesn't matter to me how they raise it so long as they do at decent terms. I only care about the price to NAV...buying when it's cheap and selling when it gets close to 1x NAV...the Lasonde Curve.