RE:RE:RE:2022 Outlook for Copper Juniors - Investing News NetworkRIO agreement looks to expire at the end of May 2022. Not certain why I was thinking November, regarless things should come to a head by June with WRN. We either get a formal bid for Casino by RIO or they announce an increase in their ownership % via a secondary strategic buy-in.
My thoughts are no way does the BoD entertain any offer that is in the single digits. $10 - $16 is a reasonable range and many of us investors are hoping to breach the $20. Some would be happy for $9 or less, but they are likely in the minority.
I keep wondering if Great Bear's zero ounce resource is worth $1.42 billion, how much is Casino's gold ounce equivalent of 30 million ounces worth?!
Cash will most definitely NOT be in the offer for the WRN shares. RIO will save their cash for the capex and instead tender shares in an exchange ratio arrangement. I want a 0.2 shares of RIO per share of WRN or better. No, I'm not being greedy, I know that we are sitting on the crown jewel of the Yukon and that isn't going to come cheap.
Come Q2, expect a run up in the share price to breach the $2.83 USD high water mark we saw this year, en route to a trading halt announcment. My only question is will we have other suitors besides NEM join the mix? I would welcome AEM, Barrick however likely won't pull the trigger on the price tag. BHP could also jump in from the copper side.
Best case scenario is a winner-takes-all bidding war. The other possible option is that a couple of majors team up on a JV and collectively buyout Casino, in which case we would be receiving shares from a couple of majors instead of just RIO.
Let's see what happens, we know it will be an exciting 2022 for us shareholders.