RE:RE:Twilight ZoneUff da - I had a limit order fill to sell 20K shares @ $1.20 usd - planning to rotate out of 1/2 of my 260K shares into crypto since my other investments went up 2-4x over the past 4+ years while WRN did nothing.
Now I'm wondering why the price is moving and second guessing how much I should sell.
I sent a note to WRN IR and asked them for an update of RIO's milestones (power, road, port, etc.). I'll see if they reply. My note is below.
----------
I invested in WRN in 2020 with 260K shares. Since then, I've had other investments that have returned 2-4X my investment while WRN has done nothing. When the Rio Tinto announcement was originally delivered, one of the board members communicated completion of an acquisition was right around the corner. Understanding there is a significant opportunity with WRN, I'm reviewing whether I should continue to hold my stock.
I understand there was a list of expectations from Rio Tinto re: milestones they needed to complete their decision on acquiring WRN.
Could we (investors) get an update on the milestones? If I remember correctly, some of the biggest projects were:
-
Road to Copper mine. Sounds like the Carmacks bypass has completed or is near completion. What's the status on the final segment to Copper? Has a plan been developed and what's funding status for the road?
-
Re: grid connection to BC (North American Grid). I read that the Yukon to BC grid connection was a top priority for Yukon Territory. Also, read there was an upgrade to Atlin hydro plant that was shovel ready. This project included a transmission line to the BC grid. Wondering what the status is and whether the Atlin power project could accelerate a grid connection to Copper.
-
Upgrade and connection to Skagway ore dock. Is there a completion date for the dock and road upgrades?
Releasing periodic updates would go a long ways to helping your investors.
Appreciate any feedback you can provide.
I invested in WRN in 2020 with 260K shares. Since then, I've had other investments that have returned 2-4X my investment while WRN has done nothing. When the Rio Tinto announcement was originally delivered, one of the board members communicated completion of an acquisition was right around the corner. Understanding there is a significant opportunity with WRN, I'm reviewing whether I should continue to hold my stock.
I understand there was a list of expectations from Rio Tinto re: milestones they needed to complete their decision on acquiring WRN.
Could we (investors) get an update on the milestones? If I remember correctly, some of the biggest projects were:
-
Road to Copper mine. Sounds like the Carmacks bypass has completed or is near completion. What's the status on the final segment to Copper? Has a plan been developed and what's funding status for the road?
-
Re: grid connection to BC (North American Grid). I read that the Yukon to BC grid connection was a top priority for Yukon Territory. Also, read there was an upgrade to Atlin hydro plant that was shovel ready. This project included a transmission line to the BC grid. Wondering what the status is and whether the Atlin power project could accelerate a grid connection to Copper.
-
Upgrade and connection to Skagway ore dock. Is there a completion date for the dock and road upgrades?
Releasing periodic updates would go a long ways to helping your investors.
Appreciate any feedback you can provide.