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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Comment by Heywood_Silverson Mar 16, 2022 6:26pm
144 Views
Post# 34520175

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Rio Proposal to Acquire Turquoise Hill

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Rio Proposal to Acquire Turquoise HillWRN is facing some headwinds right now:  currently in overbought territory keeping investors such as myself from deploying funds, FED raising rates which puts downward pressure on all stocks/commodities, talks of recession looming while the largest bubble in stock market history seems it could pop at any moment.

The specs are taking over and will dictate the price movement going forward.  Will they by themselves get the share price to where it needs to be to "justify" a takeover based upon a "resonable premium off of the 30 DMA"?  Simple answer is no, they will not.

Specs will only be able to keep up any momentum if RIO (or NEM or another major) start to purchase shares in the open market, which may not happen for another couple of months.  RIO may have to "manipulate" the share price upwards to get within reasonable striking distance of the takeover target price.  That is their decision to make in conjunction with advice from Paul or the BoD.  Who knows if this is something they would even do.  All I know is that the specs will do nothing but yo-yo the share price and it will take concerted buying from a major(s) at some point later this year if we are to reach the "promised land" in 2022.  For the record, my "promised land" is a bit longer on the promise than Sooner's.

Since we don't know when the majors will start purchasing or how much or whether or not RIO will sign on for another field season with an additional bump in ownership % and a possible extension of the purchasing moratorium, we are left with uncertainty for the next few months.  And, the markets dislike uncertainty, which rolls right back into the very first paragraph above.

Dr. Copper dislikes recessions, boy, am I sure glad that WRN has as much gold as they do, we can weather any type of market that comes our way.  Sorry copper bulls, gold will be the winner of the two metals in play here.

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