Western Copper and Gold Corp T.WRN

The good news is.....

[Heywood_Silvers]

The BoD capped RIO's investment below the 10% threshhold.  Some might not like the extended 18 month timeline, but this allows for 1) gold prices to push closer to $3k before a final buyout and 2) allows for us long-term investors to obtain cheap shares as the impatient transfer their wealth to us patient investors.

Cheers!

[Marine2]

Haywood Good one, "as the impatient transfer their wealth to us patient investors." How about us long term investors having to transfer their wealth to the grandchildren ! Many of us may not live long enough to see the fruits of this investment, another 5 yrs is to long ! IMO  Copper would have to be $10 LB Gold $4,000 OZ by then ! M2

[Heywood_Silvers]

I do believe that this will not take another 5 years.  $2,500 gold will ight a fire.  Even the most myopic idiots will wake up to gold when we are at $3k.  BoA forecasts around $3k for next year.  Things are coming to a head, no worries. The world knows that fiat is a failed experiment.  We will be on a new gold standard soon and when that happens we are sitting on one of

[LZG1220]

Why do those buyers have to buy at the most expensive price when gold at the peak? As you wish, a hundred years from now, the price of gold will be 100000. Do you think that would be a better time?

[Heywood_Silvers]

Buyers don't have to buy at the top, but suitors often times are very similar to general investors.  Why is it that everyone piles onto a stock after it starts shooting upwards?  If you have a stock that is $1 it can sit that way for months or more.  Suddenly the stock doubles to $2 and everyone piles in and pushes it upwards.  If the investors who were buying at $2 are so

[Marine2]

Heywood You say, "Many want a buyout now, but that is plucking the acorn out of the ground before it fully matures.  Patience will reward those who can stay in the race." After 18 yrs," throw me the walker" I will stay in the race as long as I can ! M2

[Heywood_Silvers]

Marine, I can sympathize with you as you have been in the fold since the beginning.  If that is the case I assume you received starter shares of WRN from the Western Silver days?  If so, WRN is for you, a good part "house money" and you can definitely bide your time. For those who jumped in around 2021 and have a basis well over $2, it is much more frustrating. I've been

[Marine2]

Heywood I also believe Gold, Copper will go much higher and Casino is one of the best spec development stage assets in this space ! I know I should E mail Sandy my self, would you know what this means, "one-time "demand registration right" and "piggy-back registration rights." Does thid mean Rio has the right to match any bid for WRN if another company were to make a

[jclarke042]

Demand Registration: Rio can force Western to open up its shares for sale on the open market. Piggyback Registration: Rio can put up its shares for sale to another strategic investor, say. I'm surely missing some nuance, or technical detail, but that's the long/short of it. The selling is a moot point largely because Rio is agreeing not to sell unless it deals with us first. Going back

[Marine2]

jciarke  Thanks for the explanation, that sounds a lot better then what I was thinking.  M2

[Heywood_Silvers]

I would ask IR for the specifics on that.  RIO is not restricted from matching any bids from an outside party.  We gotta get to that bid stage first though!  :)

[Asdfghjk]

So May of 2025 is new Rio deadline if I read correctly? Not thrilled but definately NOT shocked at the announcement whatsoever. And we wait.

[jclarke042]

I'd caution there is no deadline, there's a rights expiration date. In this case, it'll be around June 12, 2025. 18 months after this deal closes. Again: There is no deadline, just Rio's rights expiring, which as today shows is really no big deal to them. Big difference and counterintuitively, it'll make the waiting easier.

[MetalMinded]

IMHO Paul and the board need to stop agreeing with RIO that we need them more than they need us.  Paul said many times that we have enough cash to get through permitting.  We need to tell RIO they needs us more than we need them and then let them decide how to proceed.  I do not see how this agreement in any way benefits existing shareholders.  

[B4rryLyndon]

Agreed. Does any understand why the dilution was necessary? Would it not have been possible to have extended the rights without dilution? Or does it not work that way...

[GardenManman]

If no new money enter and just an extend agreement. Market would think:Rio give up and plan to leave and write off old investments. Management  think they are smart. If no money enter. Today will drop 30%. Now. Only drop 3%. Smart action. Holy sheet.

[Pinegrove1]

What we need to watch is not how they get their cash, it's how they spend it. They will always need cash to advance the project and dilution is necessary. They have no other way of getting cash other than debt. Getting it from Rio, issuance of shares to the market or other private placements all have the same effect and is required for a non revenue producing company. It is however key that