Western Copper and Gold Corp T.WRN

MD&A Spells DOOM For Casino

[meathead666]

Since I know you're ALL SMART INVESTORS, surely you read the MD&A. What'd everyone think of the below. Does THIS sound like a company in a hurry to buy?

"Rio Tinto will have a right to:

• Participate in future equity issuances to maintain its ownership in Western Copper until the earlier of: (a) Rio’s ownership falling below 5.0%; and (b) May 28, 2023.
• A one-time “demand registration right” until the earlier of: (a) Rio’s ownership falling below 8.0%; and (b) May 28, 2023.
• “Piggy-back registration rights” until the earlier of: (a) Rio’s ownership falling below 8.0%; and (b) May 28, 2023.
• Rio also maintains the one-time right to extend the above dates until May 28, 2024."

May 28, 2024! Gon' get tired holding up those bags!! New sharecount target - 300m!!!

[MetalMinded]

Blah blah blah, keep up your short and distort attempt at creating panic.  Pretending to be anyone's friend here, just here to help, isn't going to work either.  EVERYONE on this board knows you are nothing more than a short and distort piece of ____.  You are nobody's friends but your own, a vampire whose only means of survival is draining others of their blood.  

[meathead666]

Not trying to create panic. Just giving solace to those confused by the simple question, "shouldn't we have gotten there by now?" And now you know why :) Rio giving themselves ALLLLLL the time in the world, with Western powerless to say no. And time, as they say, KILLS all deals.

[MetalMinded]

You are short and distort seller with one purpose, to do what you can to help drive to price down for your own personal gain.  I have no issue with short sellers in general.  They believe an equity is overpriced to the underlying fundamentals.  They sell short and let the market do its thing.  You however show up on a board and start pointing out anything negative you can throw

[meathead666]

I'm trying to help you! Shouldn't your frustration be directed at Paul, who's either a) not upfront on Rio's intentions or b) thought he could just slip that little tidbit in unnoticed???? Ask him about it, see what he says!! Looking forward to the webinar!! 1.79......market waking up!!

[MetalMinded]

You want to help nobody but yourself.  You are a short and distort idiot.  You are a piece of ____ scum bag who can only think of themselves. You use words like "DOOM" to attempt, thankfully in vain, to create panic for those more easily influenced by your nonsenses.  You take advantage of other and that makes you a scum bag. You are NOT here to help anyone.  You know

[Sooner]

It implies to me that Rio is serious about maintaining their stake at the minimum of 8% until at least the option of 2024. so it definitely implies that Rio is the leading obvious bet on turning this into a mine. share count 300M by 2024 is ridiculous but I have sent message to Sandy/Paul asking some questions about why this was added to most recent MD&A, how it benefits WRN, why it wasn

[Sooner]

And since you are sooooo smart meth ,how would this imply Rio isn't serious about WRN....I mean if they are going to walk soon and leave Casino behind like you've stayed...what's the point to them wanting addl options on this? didnt u say they are going to walk....if so then why do you even need to bring this up at all???  It would me meaningless to Rio....

[meathead666]

Glad someone is FINALLY admitting the truth!! Go back to what I said yesterday. Rio negotiated a MUCH BETTER deal for themselves than Western. "B-b-but they left the door open methhead..." AND NOONE ELSE is interested. It's always the same with these guys. The others are always JUST around the corner. Western is desperate for Rio to sign, yet Casino is simply an option for Rio

[Sooner]

They bought the rest of Mongolia??? I thought they are trying but Turquiose hill shareholders and others not on board with the offer quite yet. Mongolia vs Yukon? And your research shows Mongolia better jurisdiction???? perhaps...just perhaps...Rio is worried about someone else stepping on their feet into casino turf and that's the point of this. And like I've always stated

[Heywood_Silvers]

Sooner, WRN was already AT $4 eleven years ago, mind you with a less advanced project, lower metals prices, no strategic investment from a major and a boatload worth of less inflation. So, if we are heads n' tails better than when we were at $4, what is your new estimate now?  If you still say $4, you don't understand kindergarten math my friend, sorry, just stating the obvious here!

[dfwrgk]

Does Rio also understand the math?  In waiting...  why would they pay $20 a share for an asset they already understand now at $1.80 a share.  They will wait a year and pay 10x the current price?  We all understand the realistic true value of this asset. I'm rather sure these supposed interested majors do as well. Why are they waiting to pay more? You all lose me with this

[Heywood_Silvers]

Why is everyone waiting to pull the trigger you ask?  I don't know the particulars, however, the analogy of a Mexican standoff comes to mind.  Everyone knows that the first shot (i.e. publicly announced bid) will likely start a bidding war (public or not).  Maybe there is some hesitancy to be the one to fire the first shot. Or, maybe the majors think they can catch lightning in

[meathead666]

Eventually....more time.....more certainty....better metals prices....more shares outstanding. The DEATH KNELL for juniors. You guys are pushing for the EXACT thing that sank Western last time they failed to sell in a copper bull market that's fast fading. DW gets it, bravo!!

[Sooner]

Glad you finally admit this is theory on your part... no I don't need all my theories to be correct... theory 1 - currency backing by hard assets will eventually drive commodities much higher which will drive market cap of WRN much higher theory 2 - Rio is phase 1 and Newmont is phase 2 to get casino mine into production theory 3 - WRN and Rio will drag this out until market cap is within

[meathead666]

And I'm SURE your email to Paul is already deleted ;)

[MetalMinded]

And you are still a short and distort piece of garbage that cares about nobody but yourself.  A point you've never denied.  

[meathead666]

  Let's game this out! You seem to think having one or more new "strategic investments" would be GREAT for Western, right? Here we go, with 152 million shares as our starting point, this will be approximate: Newmont for 8% - 164.17 + keeping Rio whole (1.63m) = 165.8m Teck? Let's get them in for 8% - 179.1+ Rio's top-up (1.2m) = 180.29 Rio gets nervous, wants

[EvenSteven27]

What you seem to be missing out on here is that no one is talking about a Joint Venture amongst majors. Almost impossible in our case. What we are looking at is a bidding war and a rather hageshii bidding war to say the least. To truly comprehend this, you need to understand that the two majors with the biggest interest in us are two completely different beasts with diametrically opposing

[Sooner]

Exploration raises when u got 3 majors interested in Casino????? That doesn't even make sense! Yes...please I'm all in for all that cash rolling in and share dilution if it means 3 majors all piling in and getting positioned to bid on acquiring the asset!!!  there will be no more drilling with 3 majors sitting at the auction table in your scenario!  

[meathead666]

LOL OK. Let's take out exploration even though you ALWAYS raise for drilling (and they will ;) ) They'll ALL want the sweetheart deal Rio got. And they WILL get it. Each with the 12.5% option. Now. You are 2024, you own 5/8ths of an asset "worth" C$2.3Billion. What's more LIKELY to happen? They scheme behind each other's back and out bid one another? Or they combine to

[Sooner]

I've got confidence in Others that have a lot more shares than me are smarter than you and I combined and are better  to navigate thru a better deal than you are hypothetical throwing out....you assume collaboration between competing bidders in casino ....I assume they would want asset by themselves to avoid other conflicts where we are actually seeing more examples of majors getting away

[GardenManman]

Frankly, so many guys don't like methhead666, always falling a imagine and strength own mind which you will got a double digits takeover someday and repeated again and again, at least methhead666 is the first guy bring the updated MD&A informationbto this board. Open your mind, and question on management like sooner instead of repeating meaningless double digits,.

[GardenManman]

why wasted 16 years, wake up, because you guys just imagine and cheat yourself

[GardenManman]

Paul, explain details on these MD&A information in your interviews, I think it is no deal in 2 years, except new buyers come, this is the root cause why it dropped from $2.4 USD, disappointed.

[GardenManman]

explained why Rio don't take the deal, the asking price is too high? Rio have no confidence on permitting? Tell us frankly and don't hide, then we our shareholders canake out own decisions, I don't want to waste life and money on this unclear situation.

[Sooner]

Cmon - the reason it dropped is because the market is dropping in general! 

[meathead666]

Exactly why your best chance for $$$ was Western selling BEFORE the global markets collapse. They failed. For the second time!!! 400k bags gonna get REAL heavy!!!

[Sooner]

No not really - I've got confidence the fed will pump it back up and inflate or die before it's said and done....but if indeed we are in a Great Depression like you believe...it will hurt for sure. I'm ok to hold another 5-10 years and accumulate more along the way if necessary and be ok.

[MetalMinded]

Come on meth head, you can say it.  You know it's true, so just come out and say it on this board.  "I Meathead666 am a short seller of this stock and my purpose in being here is to cause you to question your position and sell so that I can profit from my short position."  We all know it, just a matter of you admitting it.  

[Sooner]

Metal - yes that's true....but in reality we are doing the same thing but on the long side...so I guess we cannot blame the monkey worshipping meth head ....

[MetalMinded]

Sooner, one huge difference other than being long.  We are not here pumping the stock hoping for an emotional buying frenzy so we can dump our shares for a gain.  We are not trying to deceive anyone, whereas meth head is.  That's why I said if they want to just short it, cool...go ahead.  It's the "distort" that meth head does sprinkled with a small amount of

[EvenSteven27]

Sooner, I will need to disagree with you on this one. YES, WE CAN BLAME THE MONKEY!!! The monkey is deliberately trying to create fear and doubt in the market to accumulate shares cheaply. The monkey is attempting to manipulate the market price through playing upon investor's fears and emotions. This is called shorting and distorting. Shorting and distorting is a highly unethical and illegal

[dfwrgk]

The thing some of you don't consider is that government's and First Nations' attitudes and opinions about mines and miners can change. Continually betting on a higher-priced-future is a bet that they don't change from where we are today. Today is what we know. And you can't know more of the story than the facts we are given. Only that Paul says it's very good situation now.

[GardenManman]

actually, I don't care about the takeover price, I just care about "when"

[MetalMinded]

Garden, I don't mind fact, even bad ones.  It's not ablut that.  It's about a guy who takes a shprt psition and then shows up at this board not to do nothing but trash talk and use words like "DOOM" to create emotional response.  Meth is a piece of trash who cares about nobody but themselves and knows this to be true. If meth showed up and said, "Hey I

[GardenManman]

yes, he has short position, sometimes I don't open his post, but I don't ignore him and Don acre the short or day trader, but we must face the the MD&A information which means much to us, to our deal, thanks sooner already send the question mail to Paul, Paul should clear explain to us, then options will be in shareholders, leave or not, at least someone already left from $2.4 USD,

[jclarke042]

Looked at the MD&A, it looks like the basic deal deadline (rights agreement) is Nov 2022, with the one time extension to Nov 2023. This we knew. It seems the May 2024 thing only relates to Rio's 8%, even if no rights are attached to it? I went back and this does appear in past MD&As. But I couldn't find it on SEDAR, it's a pain to look on my phone, I'll look Monday

[jclarke042]

Look on SEDAR to see if it was in the original Investor Rights agreement that is.

[GardenManman]

thanks jc

[meathead666]

LOL!! MAYBE it's making sense now why the market cap IS NOT getting better. The market realized this deal was desperate for Western. Rio gave themselves ALL THE TIME in the world!!!! Nothing happening here until 2024 earliest!!!

[MetalMinded]

Short and distort pieces of trash ALWAYS have a small nugget of truth in something they post.  It's how they justify what they say and their attempts to get you to trust them.  Short and distort has only one play, not an entire playbook, and every single one of them operates the exact same way.  If you understand how they operate, they are incredibly easy to find.  It's

[MetalMinded]

https://www.investopedia.com/terms/s/shortanddistort.asp