Western Copper and Gold Corp T.WRN

Can rio buy more shares now?

[Diamondboy123]

Wondering.

[jclarke042]

"Additionally, Rio Tinto's rights regarding access to information about the Casino Project and review of technical disclosure are also extended." Not so long as any of this is confidential. They can always subscribe to newly issued, dilutive shares however.

[GardenManman]

Don't  know details. From news: it seems that they can increase the share to 12.5% and get a director seat. No limitations on from public market or issuing news share? Of course, new issuing share will be better to Rio. Bad for us.

[dfwrgk]

They are bound by the same agreement in the Extension.  I'm rather sure they can buy no shares without the WRN Board's approval.  The intention of the agreement was to limit them so as not to let them gain control and discourage other potential bidders.  I do think it would be nice if Rio might make some sort of positive comments about the property and what exactly their

[GardenManman]

But why rio make some positive comments? If they intend to takeover. It had better keep the share price at lower level.

[Pinegrove1]

Good news, stock goes down???  Someone explain this to me...

[GardenManman]

News out. It is neutral. No walk. No adding share. But someone who bet positive news will sell and get out.

[Sooner]

Wouldn't think so...this writing has been in the wall for months now about this being the most likely outcome. Looks like another 12 months ....hopefully we can actually make progress on permitting and copper and gold prices move up !

[Heywood_Silvers]

Good news and stock goes down?  This happens all the time, it is an old adage on Wall Street:  "Buy the rumour and sell the news". The stock has run up around 30% (granted a good portion of that was the increase in gold) and seems some are content to take their profits.

[jclarke042]

  "Rio delays/stalls on Casino decision." Another way of saying what's contained in the press release. That simple. 

[Pinegrove1]

What was everyone expecting?  A sale today?  They're still in and as far as I'm  concerned that's a good thing. We don't know where they are at. They could be 3 months in to negotiations and need a few more weeks or months to tie a bow around it. Worse if they hadn't signed. 

[GardenManman]

Actually. Takeover or not just financial investments.  They will not leave. Extend 1 year. Don't  mean they will Takeover in 1 year.  Even someone else Takeover. They will get a financial return.

[Marine2]

  By exercising of the extension rights, Rio Tinto continues to have the right to appoint one director of the Company, if Rio Tinto's ownership increases to at least 12.5% before November 28, 2023. next SHORT FORM BASE SHELF PROSPECTUS for C$25,000,000  Any concetion here ?? Time will tell M2   By exercising of the extension rights, Rio

[dfwrgk]

WRN has to intentionally sell RIO shares to allow them to increase their percentage they hold.  The shelf registration shares are for sale to "the street" as WRN chooses. RIO is bound by their agreement. Another large company should just steal Western Copper away from RIo due to their ambivalent inaction... F em. 

[IvanRo]

Aren't they bound by the terms of the original investment?