Western Copper and Gold Corp T.WRN

Gonna keep falling today

[Diamondboy123]

This happens every time.  It popped to 3.35 then fell to 1.65.  Now it popped to 3 and has begun its fall.  It is always because nothing concrete happens. Other than rio investing 25 million which is akin to a valet tip for their balance sheet we are exactly where we were 5 years ago more or less. If your honest with yourself that is the truth.  No real progress. Still years not months from building it and probably permitting it.

[Diamondboy123]

It can only go up so far on words alone. Once the oxygen has left the room the equity falls. Actions not words will help lift it further.  Otherwise back down we go.  As I'm writing this it's dipped again. No buyers and soft holders will sell in a panic and the stock will go down. So friggin sad 

[Diamondboy123]

2.84.  So sad. 

[GardenManman]

don't be sad, weekly chart is still on the track.

[Diamondboy123]

Garden this time next week it'll be at 2.65 or lower.  

[Diamondboy123]

2.81. May hit it this week. It's going down like last time when it hit 3.35.  Nothing good comes out of a vacuum.  Nothing. 

[Marine2]

Diamondboy Yes nothing much heppening and the stock price lingers,, but we are getting closer to Rio making some kind of decision. There are probably 5 other interested parties lurking, ready to make a bid. Timing getting closer to something happing,, ond of June. IMHO M2 PS Don't be short this stock, 80% chance of something happing soon !

[Diamondboy123]

It's all words marine.  Been all words for decades.  Not years but decades. 

[Moneymann]

Isn't it ironic don't you think ?  it is not working yet they are insisting 

[Pinegrove1]

Low volume, weak hands, project unchanged. It is certainly disappointing seeing it drop but we are in a good position in terms of a sale. Try not to get too tied up in SP. (Only day traders and short sellers need be concerned!!)

[MetalMinded]

DB, no disrespect meant, but it is day traders like you (and some short sellres) that make these price moves.  I don't do it, but I don;t blame you either.,  I've been a momentum player in some stocks before.  But when you see buying drying up and you start selling, so do others like you and you create that which you see happening.

[Diamondboy123]

Metal your right re the cause and effect thesis.  The only thing is that the cause is the static nature of this equity in that it is continually stuck in neutral and that militates the effect of selling. Granted the last two days have greased the descent given the decrease in copper prices but the main reason is nothing changes. 

[MetalMinded]

Not saying this is you, but also short term thinkers who bought on the prospect of a quick win.  Those people can't wait out news. So when we slide like the last couple of days, when you have copper sliding, day traders making moemtum plays, and weak hands who were oinly in for a quick buck, this is what happens.  I'm in for the long hual and not a dfay trader in this equity

[Sooner]

Rio to WRN ratio yesterday was 35....right now 34.  geez....everyone needs to chill out and make lemonade out of the lemons you're dealt! agree- put ur big girls pants on and buy on dips....let's assume Rio is the acquirer eventually....well at least today at least up to this point is a good day!!!

[MetalMinded]

Agreed Sooner!

[Diamondboy123]

Metal I agree with voyeurs who sell on the slightest turbulence.  Otherwise it's on management. 

[IvanRo]

We are in the run up to a mega Feasibility Study (about mid June from my expectation.) This will massively boost our exposure and credibility, another box ticked, upcoming discussions with Rio ahead of the end of agreement and Q2 2023 submissions. Basically, we can't have news evey other day to keep the share price ticking along to your satisfaction!! But what we do have is a plan and some