Western Copper and Gold Corp T.WRN

Market drop on 16K shares, what a joke !

[Marine2]

Sooner

How do you like owning close to half million shares and someone selling 16k shares dropping the velue down 2.4% ? What a Joke !

T:WRN - WESTERN COPPER AND GOLD CORP - https://www.westerncoppercorp.com

10:20:52 EDT - Update in 19 seconds Pause

Live Quote

Sym-X	Bid - Ask					Last	Chg	%Ch	Vol	$Vol	#Tr	Open-Hi-Lo	Year Hi-Lo	Last Tr	News	Delay
WRN - T	2.2	2.39	·	2.40	1.3	2.40	-0.06	-2.4	16.7	38	58	2.42  2.48  2.40	2.80  1.56	10:14:55	Apr 20	realtime
TSX - T	2.2	2.39	·	2.40	1.3	2.40	-0.06	-2.4	12.9	30	34	2.42  2.47  2.40	2.80  1.56	10:14:55		realti

[Pinegrove]

It's obvious that this stock on this market is so thinly traded that daily valuations are useless.  Manipulation, 40% of daily volume occurs between 3:59 & 4:00 each day.  I've given up caring what the price / market cap is.  This should be sold based on it's dollar value (NPV).  That is the only measure that is verifiable and based on modeling.  RIO

[Marine2]

Thanks Pinegrove for putting daily trading and market values in perspective ! I was hoping we were trading around $3.00 while Paul was negotiating with those interested in buying out the Casino project. Market pricing and (npv) have nothing in common. M2 PS I wish I could go on a 2 mo holiday for when this should be over !

[Pinegrove1]

Don't get me wrong. This project's SP and NPV should have a direct correlation- they just don't. Same as a producing company's SP has a direct correlation with earnings. 

[MetalMinded]

They WILL have a correlation.  They just don't yet.  As a deal approaches, share price will rise.  The reason NPV controls is because it's bound into a tighter range and it tied to a REAL value.  Any company interested in buying WRN very well understands that if they attempted a hostile takeover, the share price would go up very quickly as they purchase on the open

[Sooner]

To keep things in perspective ---- it's always good to do some benchmarking ---- Realizing thinly traded...but at the same time anyone who thinks market cap is meaningless during negotiations is naive IMO. You can't have your cake and eat it too...I mean if/when we get another major announcement from BHP or ??? about them taking a stake in WRN...and 1M shares trades and we jump 30% in

[MetalMinded]

I'll get excited not because of the daily share price going up but because, hear me out on this one, it's closer to a sale which will be between 40% and 60% of NPV (above base case and below spot).