Western Copper and Gold Corp T.WRN

Paul's Sell-Off...

[nmpappy78]

It is NOT uncommon for someone who has stock options to sell off at a higher price and buy back at the lower stock option promised price.  In turn, a quick profit may be realized if the conditions are right.  I suspect Paul made a nice profit in doing so!

[BugTSWY]

Exactly right! Sold 254,000 picks up 300,000 for almost nothing with the sale at a much higher price.

[MetalMinded]

This has been confirmed as the correct answer as to "Why?".  

[Sooner]

Thanks Metal - Paul provided similiar response to me back in 8/30/2022 below. Bold is what i highlighted! Maybe....just maybe we can stop crucifying the guy for excercising options...ESPECIALLY when he exercises them AT THE EXPIRY date. That....my friends...is a sign of someone who is above reproach....and should be APPLAUDED...not slandered all the time! I mean...everyone on this board should

[Pinegrove1]

Agreed!

[EvenSteven27]

Thanks, Metal, Pine, and Sooner,  You have all said what I wanted to say.  I chose to stay out of the ring as I don't like to fight.  But you guys are correct. Paul had no choice but to sell.  The five year expiration came up. Simple as that.  And Sooner, thanks for sharing the letter. 

[Pinegrove1]

Problem with this post is that we all assumed he would exercise his options with the proceeds of his sale. Looks like he let 300,000 options at $1.20 expire. 

[Pinegrove1]

I've emailed Sandy and asked for an explanation. We all should as this needs clarification. I'll copy the board on the response if and when I get one. 

[MetalMinded]

Does Paul have another group of options coming up.  Here is what I received in response to my prior inquiry. "I spoke to Paul directly, his response was “There is absolutely nothing to be worried about. This is about personal tax planning, planning for some option exercises, etc. in a couple months I expect my share position to be the same or larger than it was earlier this

[jclarke042]

They generally do an options grant per year. It ranges when, sometimes in Feb/March, sometimes in the summer. 

[BugTSWY]

If he isn't purchasing for a couple of months does that imply no deal for at least 2 months or more?