Western Copper and Gold Corp T.WRN

Paul should buy in.

[Diamondboy123]

At these levels he makes a quick 25 percent from the average price he sold at.

[Marine2]

You say   ""Paul should buy in."" Paul can't,, Paul said he would be or talking to Rio about next steps that could be buyout talks. Paul has been restricted from buying shares because of insider circumstances (buyout talks).  More going on then we know about that will lead to major changes to Western Copper & Gold ! IMHO M2 PS Keep looking for News

[Heywood_Silvers]

For the most part, yes, we are near the end game (imho).  That being said, if you are a long term investor from the genesis of WRN, you have been waiting for 17 years.  We are in the last 10% of the timeline though for those long-term holders, so I stick with my 1 to 2 years away projection. The cover charge to have any serious discussions regarding a buyout is $1 billion USD minimum

[Diamondboy123]

I was being sarcastic marine. 

[Marine2]

Diamondboy, You were just being "sarcastic" and I was just reminding everyone of what is going on with Paul and Rio. I am sure Paul, Rio and Mitsubishi Materials are talking about next steps ! Something has to happen,,,  WRN starts the ball off with submitting a plan to the Yukon Environmental and Socio-Economic Assessment Board only to have Rio change it after. Does

[Marine2]

Paul Filing,,,  all ducks in a row,, timing is set !   Paul, Rio and Mitsubishi Materials are talking about next steps ! The Yukon Environmental and Socio-Economic Assessment Board will keep dealying "filling requirements" until it is known who is bulding the mine at Casino.  Rio , BHP ?  WRN cought" between a rock and a hard place" as

[jclarke042]

Marine, I wouldn't be so sure about this: 'The Yukon Environmental and Socio-Economic Assessment Board will keep dealying "filling requirements" until it is known who is bulding the mine at Casino.' Recall, we've had guidelines previously issued. We then - unceremoniously, in retrospect - paused permitting to deal w tailings. I don't presume YESAB cares who

[Marine2]

jclarke, I hear you, but how many time does it take (extending timelines) to read between the lines ? (not interested in WRN / Pauls application) Paul has let it be known "Casino is up for sale" brought in Rio and Mitsubishi Materials,  they are talking next steps !   Paul has said filling better done by the company that will build the mine, no changes after. The

[Heywood_Silvers]

The BoD and Paul honestly don't have to do anything this year.  We all get that the permitting is best done by the ultimate party to operate Casino.  We don't need to perform any additional drilling as the project is beyond robust already. Between "gambling" that proceeding wih permitting is the right choice or merely being patient and continue to market Casino, I

[Sooner]

Wish I could get that gig....not doing anything this year and still getting paid to just sit around and do nothing aside from watching the daily prices of gold and copper and twittle thumbs until that hits $2500 and $5.... cmon....they are actively working on getting a deal done...and not for some ridiculously high multi billion dollars! 

[Pinegrove1]

Agreed. Copper and gold will move up and down as always. This thing won't be sold at spot, however the share price seems to think so. Guessing the folks around the bargaining table are trying to find an acceptable future range of commodity prices to base the buyout on. It's called negotiating and I'm confident that we have enough talent at the table to get a good deal done. 

[Heywood_Silvers]

Yes, they are pushing towards their ultimate goal: selling Casino to the highest bidder. Here is the crux of the matter at the current juncture:  there are no bidders for a multitude of reasons including: RIO has to let the dust settle on the Turquoise matter. NEM has to let the dust settle on the Newcrest matter. Makets have to roll over and let the dust settle (ala capitulation) for

[nmpappy78]

Thanks, Heywood!  Nicely stated from a very intelligent perspective!  Your wisdom and experience is very valuable to the bullboard, and I truly appreciate your comments.  Keep them coming! Pappy

[EvenSteven27]

I second, Pappy! Please, other folks, do us all a favor. For someone waiting around for 16 years given and take, I will not accept under $20. Keep up the thoughtful posts that elucidate, Heywood. If only I had the same approach towards women. But that's a different ballgame. 

[GardenManman]

Don't understand you guys. You guys come here for charity, not for investments. 

[Heywood_Silvers]

You do realize that at my $15 target, that is only about a 10 bagger from today's levels, yes? Or, if you got in early enough, you would be looking at maybe a 20 bagger or so. Does that mean, according to your logic, that any investor who achieves (hopes/expects) for returns of this level are beggars looking for charity instead of serious investors? I'll flip the script on you:  I

[GardenManman]

Hey, i am not expert on mining indurstry, among the board posts, some investors are good at click the caculator in the office, some are just experienced trader, some just have some "succesful" experience on gambling on the junior mine. No real expert and professional in the mining indrstry. I talked some experiencd staff of Rio Tinto Canada,  he cant give some pridiction on future

[Sooner]

The big exception I have to your comments is  you forget...money talks. The gdp impact to Yukon and Canada is enormous....at some point that will trump all else!!!!

[Sooner]

Steve, pappy, Hey all got their beer goggles on ....unreasonable expectations. I'm quite confident those making decisions are not going to wait for some crazy $20 a share offer before bringing it up to shareholders to vote. That's just crazy talk.  even Paul said as much about 18 months ago (you all recall that's when Dale told us Rio didn't have much DD left) that a $2B

[gratvalyou]

2010 pdac Paul stated we were worth AT LEAST  8.$ a share .We were around 100 mil shares . With inflation what that be now? The average price for a house in Toronto in 2010 about 500k....... 2023 nothing under 1 mill Those thinking NEM will be the white knight? TUD (neighbor to NCM)sitting on 30 million oz of AU Grat

[nmpappy78]

Sooner: I DID NOT hear Paul say "let alone $3 billion" and I don't think you did either! Pappy

[Sooner]

He very clearly said Rio is not going to pay $3B. Then he says $2B...no. Then he says, $1B...yeah Rio could do well at that level. Ok...not word for word but you get the gist.  You should go back and listen to that interview for a good refresher.... maybe you think just because he said Rio won't pay that ...it implies someone else will???? Get real and stop pumping WRN beyond a

[MetalMinded]

What Paul said was that somebody woudl be getting quite a deal at $1B which means that's very low.  He's said definitely not $3B and $2B wasn't likely.  So, where does my $10-$12 target come from...it comes from dividing $1.5-$1.2B by number of outstanding shares.  Sooner, you short for under $1B when Paul indicated that would be quite a deal.  I realize you are way

[MetalMinded]

*$1.5-2.0B*. Typo

[Sooner]

Metal. - minor issue or disconnect I have with your calc. $1.2B x 75% cad = $900M usd (no one cares about CAD haha!!!) 900M divided by fully diluted shares 170M I think we are up to...is $5.3 usd per share. We continue dilution...the lower it goes.... agree...Paul stated they could make out well at $1B. I assume he meant cad. He stated they would not pay $2B

[EvenSteven27]

Sooner everything is based on context. in that interview, Paul was pressured by the interviewee to answer a question he couldn't possibly answer. he didn't want to scare off rio because early stage in negotiation process. resources and npv have grown substantially since then. 

[Heywood_Silvers]

Sooner, what could very well happen is that the parties meet somewhere in the middle.  You say $6 on the low end, others are saying $15+ on the high end. Has it ever occurred to you that the end game lies somewhere in the middle?  Isn't that how negotiations always go?  Short of a bidding war, this is a likely outcome.  That would, using our respective figures shake out to

[Sooner]

I'm still eagerly awaiting ANY offer...low ball or not! If it's a low ball offer and we really are the crown jewel...then someone else will jump in and say "hey...I can buy a jewel for something at a discount to what I believe it's worth!" start the auction if we are for sale!!!! Stop dithering around.... note- I have no idea who is doing the dithering. If Paul is

[EvenSteven27]

Heywood, I know my $20 is on the high end and I do agree $10 or $12 for initial bid is reasonable. what i am betting on is a bidding war. whether that bidding war comes will boil down in many ways to timing. i'm hoping. IF a bidding war ensues, it COULD go over $20. still it would be a steal. 

[Heywood_Silvers]

Sooner, I agree that there is not some $20 minimum to announce an acquisition offer.  The bar may be as low as $10 and then the gamble is that it kicks off a bidding war.  BUT, what if no bidding war ensues?  You HAVE to have that downside protection built in.  Double digits minimum, or come back when the offer is legit, otherwise our time is being wasted. When you are so

[Sooner]

I just don't buy any of the inflation theory...in regards to stock appreciation expectations. agree--I should just go ahead and set sell order for all my 415,000 shares at $6 usd...that's such a ridiculous thing to do right now though...doesn't even make sense. 

[Marine2]

Everyone here Read the pattern, the (YESAB) is not interested in Western Copper submitting the application, a 3 year process only to have it changed by the company who is building the $3.5 B $ mine.  After bring in Rio and Mitsubishi Materials 90% of Pauls time / focus should be on getting shareholders the best price for Casino ! Read below, (YESAB) not interested in wasting 3 yrs

[Marine2]

Have this on good word,, Wink Wink ! Executive Committee of the Yukon Environmental and Socio-Economic Assessment Board (“YESAB”) that the final version of the revised Environmental and Socio-Economic Statement Guidelines (the “Guidelines”), for the Casino Copper-Gold Project’s (the “Project”) review by a Panel of the Board (the “Panel Review”) will be issued by October 9th, 2023

[gratvalyou]

Im not sure but if there is insider buying ,...does this indicate there are no buyout talks ongoing? Grat

[Marine2]

gratvalyou This is not insider buying this is just " Exercise of options and jiven rights ",, an incentive from the company to get a deal done high then $1.22 CDN.  Nothing mover until their pockets are full. Filing Date  Transaction Date  Insider Name  Ownership Type  Securities

[Marine2]

This may help ? Exercising Stock Options   Exercising a stock option means purchasing the issuer’s common stock at the price set by the option (grant price), regardless of the stock’s price at the time you exercise the option. See About Stock Options for more information. Choices when exercising options Example of an Incentive Stock Option Exercise Next Steps Tip: Exercising

[gratvalyou]

thanks for the clarification......but... if there are talks ongoing and there is a blackout for insiders to buy it is still ok to execise options?

[gratvalyou]

I answered my own question Thanks A: You can exercise stock options during a blackout period. However, if you are an Insider, you must pay the exercise price in cash (you cannot do a “cashless” or “net” exercise). Additionally, Insiders may not sell the shares received upon exercise of their options until the end of the blackout period.