Western Copper and Gold Corp T.WRN

Nov 28

[Sooner]

I suppose we should just expect met results, drill results, Rio extension, etc all to come out in a PR at the last possible date Nov 28. Nothing is ever early I suppose....

[jclarke042]

Not even early! We know they have (at least) half the assays, and Met work for milling operation. Why they don't release it is baffling. Mostly I feel like an idiot for taking management team at their word. Then in the same sentence they'd say "Well, Rio wants to know what happens if were neogiating?" Rio was ALWAYS going to wait for the end. Not that I would've sold, but

[GardenManman]

Even "open house" + "some CA signed" just gesture, show to shareholders? show to Rio?  yes, they work hard, but we cant attract more bidders with this asset, If there are only "some regular reports", "extend 1 year" ; that means: nothing special happen . If nothing special happen, SP should drop back, I would switch some position to others, I

[Sooner]

Another day...another day without any news.... yep...wait until Nov 28 and not a day earlier. I'd honestly be surprised if we even get any news release by Nov 28. ..

[jclarke042]

Telling myself when this gets extended 12 months, it'll mean "we'll update you 11/28/23." 

[MetalMinded]

Paul said we'd get a news release no later than end of day on Nov 28th.  Rough translation is "don't expect it any sooner" (pun fully intended). 

[jclarke042]

Preview: "Western Copper and Gold (TSX: WRN, AMEX: WRN) ("The Company," or "Western Copper" or "Casino" or "Decade long time suck") extends deal with Rio Tinto (ASX: RIO, LSE: RIO, NYSE: RIO) ("Rio" or "Stratetic Investor" or "Doesn't need this asset as badly as we need to sell it") extends Stratetic Investment (per

[GardenManman]

jc. I am making a sell order based on your draft PR.

[jclarke042]

Bought 1.30 for a trade, debating when to close it out. Might give it till Monday, see if that "imminent" drill results were exactly imminent.

[GardenManman]

nice trading

[Sooner]

You forgot to add , "Dale (won't take nearly 18 months) Corman" into the PR...

[Heywood_Silvers]

I think on the first (and final?) extension of the RIO agreement that they will be allowed to bump their ownership % to say 12% or so.  Nothing too crazy, but enough to get them to double digits, which doesn't affect dilution too much and allows a bit of extra cushion in the treasury. Now, the question is, what to do with those extra funds?  We should push ahead as far as reasonably

[Sooner]

Please ..dear God NO... tell them to buy on open market to get up to 12%!!! We don't need more cash and we don't need more dilution! We need buying in the open market!

[Sooner]

That would be 1M shares a month for the next 6 months. question - what would our market cap be with  option 1- tell Rio to buy on open market 1M shares a month for 6 months Option 2- another equity stake (issue 6M new shares to Rio for $14.5M cad im willing to bet our market cap 30%+ higher with option 1!!!! This should also give Rio an idea of how much of a premium acquiring ALL shares

[GardenManman]

if so. We had better allow them to get it from public market for 5%. Then at least we , longterm shareholders, can get some sweet instead of 5% new dilution .

[blueboron99]

Metal Minded, I'm thinking some nuggets could come out of the townhall meeting in Whitehorse next week- Wed Nov 23rd from 4:30-7:30pm. Maybe a shareholder will attend and post the highlights of the meeting with some clues of where we are headed from here. Maybe wishful thinking on my part! As well, maybe a separate News release covering metalurgical sample results with deephole drilling

[MetalMinded]

I agree and looked at going...just too expensive for me.