Western Copper and Gold Corp T.WRN

Is This Something??

[jclarke042]

From Rio's form 13D, filed November 25th. Item 3, paragraph 4. RTCI is Rio Tinto Canada, Inc

"On November 23, 2022, RTCI also exercised its rights under the Investor Rights Agreement to extend RTCI’s rights to; (a) appoint an investor nominee to the board of Company if RTCI’s ownership in the Company increases to more than 12.5%; (b) participate in a secondment program with the Company; (c) receive quarterly reports and access the Company’s books and records; and (d) receive draft press releases describing study results (collectively, the “Additionally Extended Rights”). The Additionally Extended Rights are extended through November 28, 2023, or through the date that is six months after the completion of the Study, as applicable."

So, Rio's rights extend from now through the earlier of Nov 2023, OR 6 months after we release everything. That's how I'm reading this.

Does this explain the slow rolling??

[Pinegrove1]

Pershing Securities picking up a ton of shares today. Any takes on this?

[jclarke042]

Assuming they're buying for a customer of theirs. 

[jclarke042]

On second thought, let's have the same tired conversations about buying now vs buying later vs 3 vs 6 vs 9 vs 15 vs 27 dollars a share.  Carry on you two - no need to speculate on new material.

[IvanRo]

Good find on the RTCI info, looks legit and could explain the slow roll - Rio and WRN would have had discussions around timeframe / internal Rio hurdles / committees etc etc so Paul's comment around Q1 / H1 being likely, which you dismissed  actually is plausible just depends on Rio's desire.

[jclarke042]

I dismissed the Q1/H1 comment because far as I'm concerned, there's no more credibility in the timelines given in these interviews. We should just presume it'll conclude around Nov 28 2023. If I'm reading this new info correctly, could be until May before we hear anything.  I'll get the WRN corporate presentation bingo cards ready for PDAC 2023.

[IvanRo]

Seriously doubt if they can hold off delivering the MET and Drill results until May next year latest end of Jan imho. 

[Sooner]

He said it's like 99% complete...no way can it be delayed much longer...will lose all credibility at some point if he starts telling us it's 99.1%, then another 2 weeks 99.2%, etc...