Western Copper and Gold Corp T.WRN

Rio Board Seat

[jclarke042]

Could you feel it in Paul's voice earlier? He sure hopes Rio wants to talk soon. I don't think they're in any rush whatsoever. Ask yourself: if there WAS no November investor rights expiration, what would Rio do at that date? We'll have an idea of what needs to be in the permit, but Casino Mining is filling out the application, with WRN being its sole owner. Rio is not involved in permitting, is my guess. However, on the last application, comments, and updates to permitting guidelines generally, WRN et al,. should have a pretty good idea of what needs to be in there. So do they really need to wait to see what's in there? My guess is not. Ken Engquist's role should give Rio the confidence his design would be up to their standard.

Right now, Rio's key advantage is the technical committee & board observer. Sure, we can kick out the observer for any meeting deemed classified, but it's still a leg up on anyone else. And their rights expire November 28th. Unless.....


..they buy the board seat. 

With a board seat, they could just chill at 12.5%, watch permitting unfold and decide once the environmental assessment is over. Plus, they'd be privy to any and all company information and meetings, including any discussions on other offers, etc.

I initially misunderstood the board observer, thinking s/he had the right to be present at all meetings, even without a vote. No, they weren't allowed to be present in certain circumstances.

IMO, there's an increasing chance all we get in November is Rio buying 12.5%, giving them a permanent board seat for the foreseeable future. 

If that happens I see all hopes for a bidding war gone. Again, we don't have nearly the leverage others seem to think we do.

[Sooner]

Clark - totally agree - I think MMC is not the leverage needed to squeeze the highest offer from a major. Unless BHP , Newmont of someone else steps up to the plate --- Sooners $6 usd won't come thru. Need a real catalyst on this -$2000 gold and $4 copper didn't do it. Rio didn't do it. MMC didn't do it. PEA didn't do it. FS didn't do it. Drilling anomaly didn't do it

[Heywood_Silvers]

Sooner, you are forgetting one major point here:  sentiment When sentiment changes, penny stocks turn into dollar stocks and dollar stocks can turn into $10+ stocks without M&A (just based upon their fundamentals only). Stating that $10+ won't ever happen is like going on an overnight hike and continually claiming that we'll never see sunlight again, just get used to eternal

[Sooner]

100% agree...I'm tiring of the up's...then downs. Frustration for sure. I'd like to see benefits of my investment in WRN before I die...

[Heywood_Silvers]

Of course, we all want to see the fruits of our investment labours pay off.  Personally, I think we'll be taken out within the next couple of years.....just my opinion though.