Western Copper and Gold Corp T.WRN

What Bothers Me About Newmont, but why need them

[EvenSteven27]

This whole Australian nepotism really irks me, but the truth is we really need them. The past year has been good due to Palmer's stringent discipline. But the nepotism and giving positions to people simply because they are Australian or given positions because of personal connections really irks me. I know this stuff goes on all over, but it really troubles me. How I wish it was a Canadian company dedicated to both Canadian and FNs best interests. Palmer is a disciplined person, but a lot of the folks appointed to higher management positions, have only been appointed because they are fellow Australian cronies or because they are personal connections. This is not the best way to run any company. How I wish it were Agnico Eagle. But in all likelihood it is Newmont. Sure hope it is Agnico Eagle. They would much better represent our national interests (FN and non-FN). Some of these Australian companies are not run with the same background and history as Canadian companies. Are Canadian companies without blemish? Of course not. But we have learned along the way, and some of these upstarts do not have the same experience as these Australian upstarts? If Australia is going to encroach onto Canadian land, prove yourself first and earn our trust. Is Canada perfect? No, but we are trying. Do we need an Australian entity encroaching upon us (FN or not), prove yourselves. Prove you will do something for Canada, not yourself Australian self-interests and cronyisms. Yes, of course, you want us. Now it is up to you whether we want you. We could always make a deal with Agnico Eagle. I am sure Barick and Freeport are interested, too. But Newmont, I know you absolutely know you need us. Give us a fair deal, or else I am certain our board will seek elsewhere including bringing our friend Elon Musk into the deal. We are in the drivers seat, not some industry major who has become top-heavy in individuals appointed through national or nepotistic connections. Not the most effective way to run a company, though this approach appears rampant. In short, prove yourselves. You needs us more than we need you.

[cb2task]

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[blueboron99]

Cb2, I have heard it mentioned several times now, Western is very cognizant of their shareholders and they do not want to dilute stock value unnecessarily, which usually leads to a rollback. You will recall Victoria Gold executed a 1:15 reverse split in Nov/19 which I am certain did not sit well with their shareholders. The bottom line is WRN is in the driver's seat and money talk's

[cb2task]

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[Sooner]

Curious what you and others would speculate as a "low ball" Newmont offer? I would consider that to be around $250M usd...which is still a 35% premium to current share  price. A low ball offer based upon typical NPV acquisitions I would estimate to be more like $400M. Again, there is no way a Newmont board could recommend to its shareholders to pay something like $1B for a company

[cb2task]

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[Heywood_Silvers]

Do you know why our market cap is under $200 million USD?  It is a combination of ignorant investors who don't understand the concept of buying dollars for pennies as well as shareholders who are willing to sell their shares for a paltry sum. If every single shareholder realized what they were holding and said, hell no I'm not parting with my shares for a dollar and change what would

[Pinegrove1]

And short sellers. On average 30 percent of daily volume is short sellers.