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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 Sooneron Apr 17, 2024 3:46pm
94 Views
Post# 35994527

RE:RE:Sold my whole holdings at 1.91

RE:RE:Sold my whole holdings at 1.91DB - time will tell the rest of the story --- as Paul Harvey would say --- but i suspect this post won't age well.

Not sure your point --- so we are bascially flat over the prior 2 weeks but market is fully taking into account the offering and an added $40M in cash (or about $0.2 a share)...

As i mentioned to Sandeep yesterday in our call ---- i can only imagine what buying $1M a day on the open market for 40 days in a row would do to stock price----- an easy double! Point being....agree we are flat since you dumped...but we are in a much stronger position.

As Sandeep correctly stated....the key is to have enough cash on hand but not too much. I can only imagine at the time of serious negotions in a buyout --- having $65M in cash on hand will give WRN a market cap of X....but using $45M of that to buy up stock and have $20M in cash is probably 2-3X market cap in WRN's case. If stock only dropped $0.13 /share and we have $0.2 /share added in coffers...i'd think a good deal .Probably should have went for $80M and set aside $40M of that to strategically burn short sellers or the donkey penny flippers.....


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