Western Copper and Gold Corp T.WRN

RIO NEWS!

[nmpappy78]

Here is some RIO news that may be encouraging!  By decreasing their dividends by +/_ $1.00 per share, it could possibly mean that they are raising money to purchase WRN.  Since RIO has about 111.6 billion shares, that would sure increase their bargaining power!  (e.g.,$111 billion + the $9 billion they already have in their budget)

PAPPY

[Riotintoe]

nmp, the share data you gathered for RIO's O/S must have been from a bad source (there's plenty out there)... Per their latest annual report (2022), the O/S count is 1.621 billion.  

[nmpappy78]

RIOTINTO: Thanks for the alert!  I took my info from MORNINGSTAR.COM  and they are usually pretty accurate.  I'll look for your data which would make quite a difference in my projections!  Sorry if I miss reported the number of shares.

[MetalMinded]

I suspect any offer by RIO will be an all stock exchange offer.  I have no reason to believ this other than if they do want Casino, they will want to save the cash as capital for construction. Also, an all stock deal is less impactful for them to get an asset this large. 

[Sooner]

They didn't do that with TRQ...outright cash purchase. I think would be same for WRN.  I also have a different take on Rio dividend cut. That's not result of them wanting to save cash for m&a...it's a result of them not making near as much. Not sure how that is a good thing related to WRN ...although don't think it's bad necessarily either. Buying WRN is not

[IvanRo]

Rio had about 6.7bn cash on hand at year end of 2022... They don't need to cut their dividend to fund a WRN takeover. So not sure the dividend cut will have much to do with WRN.