RE:RE:The valuation of WRN is remarkably low.
Agree,
McEwen Copper: Financings with Stellantis and Nuton (Rio Tinto) were closed in Q4 (DEC 2023), raising ARS $42 billion and $10.0 million, respectively, at a value of US $26.00 per share, implying a market value of US $800 million (1.1 B C$) for McEwen Copper.
I finded it disconcerting that WRN distributed shares to Rio Tinto (NOV 2023) without receiving fair, equitable value in return, the just value that takes into account the interests of shelholders.