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Bullboard - Stock Discussion Forum Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based exploration stage company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > New Ellis Martin interview w/Paul
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Post by EvenSteven27 on Dec 05, 2022 4:34am

New Ellis Martin interview w/Paul

Comment by EvenSteven27 on Dec 05, 2022 7:00am
key term mentioned here is "M and A". i was tempted to say more. but will hold respect and suspend all judgment. 
Comment by jclarke042 on Dec 05, 2022 7:40am
Do tell us more, go on.  Because I'm judging Paul rather harshly for this interview. He's perplexed about why these road shows aren't working to drive MC (and don't let him fool you, our move the last two weeks is solely Copper's performance), at the same time continuing to refuse releasing all the completed work.  This is a living embodiment of Einstein's ...more  
Comment by Marine2 on Dec 05, 2022 10:57am
I hate to bring this up again, but why not talk about drill results ?  Remember this, ""Drill Testing a Potential Game Changer at Casino"" Sept 14th Sooner asked Sandy about results from the deep anomaly drilling Responce """We are waiting on final assay results from the deep anomaly, once the final results are received the team will be able to complete ...more  
Comment by IvanRo on Dec 05, 2022 1:08pm
Most important highlights for me, that Paul said. 1.) Clear path through permitting for Casino 2.) Q1 / H1 likely (for Rio to pull the trigger) Notable mention: One more report needed before he can release drill / met results but he is excited.
Comment by jclarke042 on Dec 05, 2022 1:38pm
Think we can all disregard these aspirational timelines we have no control over, right?
Comment by Heywood_Silvers on Dec 05, 2022 2:53pm
Trying to time the market (to jump ahead of the FOMO crowd) is a fool's errand.  Everyone knows you can't time the market.  So, for us investors, we will buy and wait and will earn the highest returns as compensation for our patience.  Personally, I don't invest in a junior unless I am comfy with sitting on it for at least 5 years.  M&A is a long, tedious ...more  
Comment by Sooner on Dec 05, 2022 4:25pm
IF we were on the radar of the "big boys" --- then sorry...but what are they waiting for to get in with a strategic piece of WRN now and also start kicking the tires? Not sure I understand why they would wait for this to get further along with Rio and a potential less than "fair value" offer from Rio.  Please articulate the benefit of them sittng back and waiting. If i ...more  
Comment by Heywood_Silvers on Dec 05, 2022 9:39pm
Sooner, there isn't necessarily any benefit for the majors to sit back and wait.  If you are a major other than RIO, what do you think happens if you iron out a side deal so that you also get an 8% stake?  That could jump start the bidding war. Seems that other parties are content to, use my Ebay analogy once again, to put WRN on watch and jump in near the zero hour with a possible ...more  
Comment by Pinegrove1 on Dec 05, 2022 9:57pm
You're right. No one saw Rio coming and they were in talks a year before they signed the agreement. So doesn't it follow that it's entirely possible that WRN has been in discussions with other suitors for months now??
Comment by EvenSteven27 on Dec 05, 2022 10:40pm
I will reiterate this yet once again. Newmont did not dump Coffee after it was inherited from Goldcorp. On the contrary, they brought it through permitting. This is pretty obvious to my humble eyes at least. And why make a move before Rio extends. Obvious Rio would not be privy to that. Bidding war or JV is anyone's guess. But I believe something will give. Maybe just taking advantage of ...more  
Comment by Sooner on Dec 06, 2022 6:04am
Interesting analogy- but I would think a little different function than eBay in that the bidding object is currently trading at $1.7. If I put a max bid of $4 usd and If it ends up selling for $6 (let's assume 3 total bidders)..my bid for 8% of the object gets me the difference between $6 and $1.7. Why not lock in that now ? I realize majors aren't concerned with this minimal gain of 12M ...more  
Comment by Heywood_Silvers on Dec 06, 2022 11:31am
I was thinking along the lines of what I see happening all the time with bids.  Yes, you have some that are known and active, but you often times have shadow bidders who won't reveal themselves until the last moment.  Why employ that strategy?  Well, if all the shadow bidders reveal themselves up front it runs the price up and prevents the possibility of getting the prize at a ...more  
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