Western Copper and Gold Corp T.WRN

Above Rio Initial Invest

[jclarke042]

Sooner,

May 14, 2021, Friday before Rio investment:
Closing price of $1.64, approximately 138m shares outstanding = $226.32m Market Cap

August 2nd, 2023:
Closing price of $1.49, approximately 162m shares outstanding = $241.38m Market Cap

See? To that ever elusive Top 10 Copper Producer, we are even more expensive than initial Rio by in.

[GardenManman]

Jc, you nail it. That's the game, but I still don't  blame management, they can't  force major to takeover, that's why i cut some WRN  position to other equity half year ago, I just blame myself, why did I invest in junior mine? It is a complex game. November? Rio throw you a bone of another 5%-8% share dilution, year by year dilution (at least Marketcap increase but

[Sooner]

True- I'm looking at it from my shoes....understanding we technically are higher from market cap. I care only about share price! 

[Sooner]

5/14/2021 = $226M 8/10/2023 = $231M down to basically flat over prior 27 months. i guess we can explain the poor performance on Copper prices - $4.5 - $4.75 in May 2021 and more like $3.75- $4.0 now ...or down about 15%.   Still pretty depressing performance....unfortunately Paul is not holding a good hand in negotiations with Rio right now....