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Bullboard - Stock Discussion Forum 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... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > Buyout soon ! IMHO
View:
Post by Marine2 on Mar 24, 2023 1:04pm

Buyout soon ! IMHO

Knew something was coming,, it was just a matter Of Time !

Listening to the conference call when Paul was asked, was “Rio aware of Mitsubishi Materials interest in Casino”, “or this deal”,, Pauls answer was “no

I think this deal puts WRN in play ! 

This will push Rio into making some kind of decision near term on a buy out.

“”Mitsubishi Materials has agreed to acquire that number of common shares of the Company”” 

“”In connection with the strategic investment by Mitsubishi Materials, the Company and Mitsubishi Materials will enter into an investor rights agreement””

“”Assuming Rio Tinto elects to exercise its participation right in full”” ??
 

More interest in Casino then just Mitsubishi Materials,, maybe another interested party ???

 This will push Rio to act soon !  IMHO

M2

PS

Stay tuned, this will be my 6th buyout and my last !

Comment by Marine2 on Mar 24, 2023 3:50pm
This will get Rio attention,, another royalty Mitsubishi Materials will have the right of first negotiation, until the later of  (b) the date that is 24 months following completion of the investment, to offtake at least its proportionate share of minerals produced from the Casino Project. This will give Mitsubishi a leg up ! "in the event its ownership increases to 8.0%, will ...more  
Comment by Marine2 on Mar 25, 2023 6:20pm
No one here interested in a buyout or why that may happen, lets talk about all the BS as to why we will hang on for another 5 years, $25.00 US a share, good luck with that ! We will see what happens next week,, next 2 mo's, buyout not just wishfull thinking.  Interesting posts on this board from those who have not been involved in very many buyouts, there is a pattern or phase in these ...more  
Comment by Sooner on Mar 25, 2023 6:56pm
Haha Marine. You and I are on same page...I actually don't care if MMC buys us out 100% and let's the asset sit for 20 years or not....just shoot me the $6 usd/share and I'm good !!! Let them figure out how to turn it into a mine is fine with me....
Comment by Heywood_Silvers on Mar 25, 2023 9:30pm
Be careful of what you wish for.  Here is what would happen if your 2 month buyout scenario occurs, and mind you this is IF the general market does not roll over during this time frame: Maybe the stock price inches forward to $2.25 or thereabouts and then suddenly you'll get a press release that WRN is being bought out for $2.50 a share representing a 25% "premium" to the 30 ...more  
Comment by Caper18 on Mar 25, 2023 9:34pm
I think NEM will come in for the gold