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Seabridge Gold, Inc. Message Board

bblemming 21 posts  |  Last Activity: Jul 26, 2014 1:52 PM Member since: Sep 1, 2009
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  • bblemming by bblemming Jul 26, 2014 1:52 PM Flag

    After the market close ...

    SEABRIDGE GOLD FILES PRELIMINARY SHELF PROSPECTUS AND REGISTRATION STATEMENT

    Seabridge Gold Inc. has filed a preliminary short form base shelf prospectus with the securities commissions in each of the provinces of Ontario, Alberta and British Columbia, and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission (SEC).

    Seabridge chairman and chief executive officer Rudi Fronk commented: "Following the closing this week of our $13.8-million financing, we do not currently have any plans to arrange additional funding. The purpose of this shelf prospectus is to give us greater flexibility should additional funding be required in the future. The dollar limit noted in the filing does not reflect a considered estimate of future financing requirements, which will depend upon future developments and are unknowable at this time."

    The shelf prospectus filings, when final, will allow Seabridge to make offerings of common shares up to a total of $100-million during the 25-month period that the final short form base shelf prospectus remains effective. Common shares may be offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in one or more shelf prospectus supplements, and, subject to applicable regulations, may include at-the-market transactions, public offerings or strategic investments. The net proceeds from any sale of the common shares will be used for general corporate purposes, including financing future exploration and development work on the company's two material assets, the KSM project and the Courageous Lake project. More detailed information regarding the use of proceeds from a sale of common shares will be included in the applicable prospectus supplement.

    A copy of the preliminary short form base shelf prospectus, the final short form base shelf prospectus and any shelf prospectus supplements that may be filed

  • Alaskans Call For More Review Of KSM Mine Project Near Stewart
    Coalition presses for establishment of a Panel Review
    John Crawford
    7/23/2014
    A coalition of Alaskans is calling for more review of Seabridge Gold's KSM mine project near Stewart.

    Rob Sanderson, of the Central Council of Tlingit and Haida Indian Tribes of Alaska, says Alaskans are concerned about the mine's long-term risks to water quality, fisheries, traditional activities and jobs.

    On Monday, the Canadian Environmental Assessment Agency announced the beginning of a 30-day public comment period on its Comprehensive Study Report on the project.

    The agency said it was satisfied with the mitigation measures proposed by Seabridge, to address potential impacts on fish, water quality and other health and environmental matters.

    But Sanderson called the assessment inadequate, and called on the Canadian government to establish a Panel Review, to provide an opportunity to better address American concerns.

    Concerns have also been raised on our side of the border by the SkeenaWild Conservation Trust and Gitanyow First Nation.

    The public comment period ends August 20th.

  • Reply to

    approval on track

    by culibaly Jul 23, 2014 3:40 AM
    bblemming bblemming Jul 23, 2014 7:50 AM Flag

    The SkeenaWild Conservation Trust and Gitanyow First Nation have raised concerns about the KSM project's effects on salmon.

    Seabridge Gold made many changes gf their mine design. This should result in higher costs - see the statement of the BC Ministry of Energy, Mines. With higher costs even the approval would not be helpful. There is no partner in sight.

  • Reply to

    lies of ommission and half truths

    by steckie47 Jul 17, 2014 9:03 AM
    bblemming bblemming Jul 17, 2014 2:15 PM Flag

    "clever structure"

    So more selling will fly under the radar.
    Think about it!

    bl

    BTW: It was funny to read to scam pusher simultaneously. Steckie** (who got a fee for selling SA shares and culibaly. LOL

  • In connection with the transaction, PABT has entered into an agreement (the "Purchase Agreement") with the Bank pursuant to which PABT has agreed to sell to the Bank 4.6 million common shares (the "Purchased Shares") of Seabridge for cash consideration of US$8.56 per Purchased Share (the "Purchase Price"). The Purchased Shares represent approximately 9.77% of the outstanding common shares of Seabridge (the "Shares"). The closing of the transaction is scheduled for July 21, 2014.

  • Reply to

    $5 billion need

    by rudyprry66 Jun 25, 2014 7:01 PM
    bblemming bblemming Jun 29, 2014 8:41 PM Flag

    Please share your experience with ED.

  • Reply to

    $5 billion need

    by rudyprry66 Jun 25, 2014 7:01 PM
    bblemming bblemming Jun 27, 2014 6:06 PM Flag

    I would guess he will lose 5B in 5 or less years.

    Think about it,

    bl

  • Reply to

    $5 billion need

    by rudyprry66 Jun 25, 2014 7:01 PM
    bblemming bblemming Jun 26, 2014 6:25 PM Flag

    I talked about the CAPEX and not the productions costs. There is a reason why KSM is undeveloped since 1960.

    Think about it,

    bl

  • Reply to

    $5 billion need

    by rudyprry66 Jun 25, 2014 7:01 PM
    bblemming bblemming Jun 26, 2014 2:07 PM Flag

    "So, it'll take 10 Billion"

    Could be even more. Think about the statement of the Ministery of Mines and Energy (filed in the Environmental Assessment Office). The CAPEX Seabride estimated in their PEA/PFS is too low and Seabridge had the same team for their estimates ... NG had (Lechner&Gray) ...

    Think about it,

    bl

  • Reply to

    Date of provincial approval

    by kiddo1428 Jun 24, 2014 12:10 AM
    bblemming bblemming Jun 24, 2014 4:21 AM Flag

    "under the agreement, Seabridge agrees to provide funding for certain programs relating to wildlife, fish and water quality monitoring to address some of the concerns raised by the Gitanyow Huwilp, as well as for a committee to establish a means of maintaining communications about KSM Project related issues."

    These are the first steps of a communication about the KSM Project related issues - Seabridge should have done this small step in communication 8 years ago. They didn´t.

    The Gitanyow chief were very clever t after circulating "A Petition to not approve Seabridge Gold's project" - they got much money without any commitment for the KSM project.

    Second ... , the EA time limit has been extended.

    But the approval is not so important (without a partner). The economics, not environmental concerns, are the project's biggest obstacle. There will be a significant increase in costs (take a look at the statement of die ministry of energy and mines) and the estimated "reserves" (PEA 2012!) are worthless paper.

    Think about it,

    bl

  • tanyow Hereditary Chiefs are circulating "A Petition to not approve Seabridge Gold’s Proposed KSM Mine and Protect Nass and Unuk Fisheries." The petition to the governments of Canada and British Columbia and more information on KSM can be accessed

    Sentiment: Sell

  • Reply to

    Ducks in order

    by kiddo1428 Jun 18, 2014 7:04 AM
    bblemming bblemming Jun 20, 2014 2:12 PM Flag

    The provincial approval is not important if there is not partner for KSM.

    Think about it,

    BL

  • Reply to

    Ducks in order

    by kiddo1428 Jun 18, 2014 7:04 AM
    bblemming bblemming Jun 19, 2014 10:53 AM Flag

    "all signed on"

    The Nisga's deal was very expansive for the "project". As far as I know ...there are still more than 40 First Nations and other opponents left ... BTW: The "provincial approval" is not important if hey are not able to find a partner.

  • bblemming bblemming Jun 4, 2014 9:37 AM Flag

    Simple fact: He has no pen!

    --

    Seabridge CEO Rudi Fronk and the company's mouthpieces have for years talked about a partnership or buyout. It goes back to as far as 2006 when gold was in the $600s per ounce and Porter Stansberry touted Seabridge in June of 2006:

    “It plans to partner with a major mining firm, who will take the financial risk. Seabridge Gold couldn’t identify who that partner is, but it said it has confidentiality agreements with four majors for this project The major mining firms wouldn’t be interested unless this is potentially a major gold mine.”

  • bblemming bblemming Jun 2, 2014 12:24 PM Flag

    Seabridge is a clear example of a mature stock promo: its share price is leveraged only to its ability to promote its shares.
    Think about it!

    bl

  • “The impact (of Kerr-Sulphurets-Mitchell, or KSM, a proposed gold, copper, silver and molybdenum mine on the transboundary Unuk River) is going to be for hundreds and hundreds of years, if not thousands of years,” Peterson said. “As Native people, we’re not just here working for ourselves today. We’re always thinking about generations down.”

  • Reply to

    Red Mountain Gold

    by j_wilkins_99 Apr 15, 2014 10:53 PM
    bblemming bblemming May 14, 2014 1:52 PM Flag

    You are funny. 120.000.000 Shares and a Market Cap of 4.7 Mio C$. LOL

  • Reply to

    SA Price target

    by cats_paw_kid May 6, 2014 2:51 PM
    bblemming bblemming May 8, 2014 1:51 PM Flag

    I only found one analyst and this was Cowen & Company.
    They were the advisor for the $16.8 million bought deal financing consisting of 1.5 million flow-through common shares at a price of $11.17 per share. LOL--

    You can calculate this $55.01 by estimating future earnings per share and then applying a price-to-earnings multiple, known as the P/E ratio. It is a really funny way for a pump and dump... I would quess that we will see the $5 instead of $55.

  • Reply to

    SA Price target

    by cats_paw_kid May 6, 2014 2:51 PM
    bblemming bblemming May 8, 2014 6:08 AM Flag

    Yahoo has no $55 price target for Seabridge Gold. ;-)

  • bblemming bblemming May 6, 2014 11:06 AM Flag

    "as water coming from a proposed mine will be improved"

    Who told you that? They tried to estimate a experimental mine, a fiction. The tailings would be held behind two huge dam (river runs through it, and that's the problem) - each taller than the Hoover dam - built in the headwaters of the Nass River, one of British Columbia’s most important salmon rivers.

    Think about it,

    bbl

SA
8.45Jul 28 4:02 PMEDT

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