Western Copper and Gold Corp T.WRN

Will Rio act before Nov 28 ?

[Marine2]

What are the chances of this happing ?

By exercising of the extension rights, Rio Tinto continues to have the right to appoint:

• one director of the Company, if Rio Tinto’s ownership increases to at least 12.5% before November 28, 2023.

(Buy more shares in the market) I think it's slim to none right now ! Only 3 Mo to go to Nov 28 .

M2

[GardenManman]

Act what? If there is no bidding war happen, Why Rio hurry to dive into Yukon, buy more dilution shares to 12.5%, and let the local company (WRN) to finish the permitting,  it will be best solution to Rio, if no competition, no hurry to takeover, so no big move in November: just some million(small amount can be ignored by Rio) for new shares to 12.5% and get a seat, that's their plan

[GardenManman]

If happen just like as said, SP to keep this cheap level for 3 years, it is a stupid dead money and stupid game, winner is Rio, they pay bill , so they control the game.

[GardenManman]

I don't blame Paul. He knows that his main task is finding another major to compete  with Rio, then push Rio to make a real step. That's  why he had events schedule to promote outside instead of communicate  with you guys who can't give him a new bidder, retail shareholder just bring noise to him, no help, so they has no motivation to  communicate with you guys

[jclarke042]

And once Rio has that 12.5% and board seat, all bets are off. As Tucker said today "graph it out" and this all ends with us ultimately taking a low ball bid from Rio.  Do the right thing, Paul and sell now, while we can, not when forced to. I've said before Rio guy must've died inside when Paul said best price you'll get is buying now. It's the exact opposite. 

[GardenManman]

It is major game, Rio has enough patience if there is no competitor coming. Once term matured in November,  Rio seems no restrictions and  is easy to get 5% from dilution  or from open market, combined with Mitsubishi (Rio's potential parter), Rio control almost 20% share and one seat from Bod, then they just cross the finger and wait the permitting and other infrastructure

[Heywood_Silvers]

RIO would need in excess of 20% before they realistically exert serious sway in terms of any buyouts being considered.  Until that point, they are more or less "glorified retail" shareholders. If RIO wants to take the 12%, so be it.  But that needs to be the end of the gravy train.  Paul can't prevent any entity who is willing to spend the cash from acquiring 20% or

[MetalMinded]

Their board member would have to abstain from voting on their own buyout offer or any competing buyout offer to avoid self dealing.  

[jclarke042]

Metal, that's the least of our problem

[jclarke042]

At construction time, if choice winds up being: $4 billion loan at 10%, or $800m buyout, which one do you THINK we should take? It's not a question of retail being impatient, it's us having zero leverage when push comes to shove. We have to sell.

[jclarke042]

Note, my numbers are purely illustrative. The BO offer will be lower, the interest rate higher.

[Heywood_Silvers]

Oh, I welcome much higher interest rates!!  Look back to the 70s when they peaked around 18%.  Gold did a moonshot, increasing almost 2,400% in that timeframe. When I took out my auto loan years ago at 7% I thought to myself I was getting a decent rate.  The crybabies of today whine and moan that the rates may go over 6%. And don't get me started on mortgages.  Wanna know

[Heywood_Silvers]

Of coure, the goal has always been to enhance the property and to sell to the highest bidder.  Juniors often times will hint at "going it alone".  However, that can be risky unless you are fortunate enough to assemble a stellar class of miners and management who have been there and done that before. We juniors/junior investors aren't miners.  We are investors looking

[IvanRo]

At a high level, Financial Institutions would never lend the full 4bn - it would more than likely be a 70:30 or 60:40 split on debt to equity - based on 60:40 split WRN would need to need a debt facility of 2.4bn  and 1.6bn equity (~8 times current market cap or the mother of all dilutions). On a realistic level.... during construction the interest payments would be rolled up into the

[Heywood_Silvers]

Nobody is going to loan WRN funds on a "go-it-alone" basis.  No need to even enterain such a thought. True, a bird in hand is worth two in the bush.  That being said, I don't think a bird in hand is necessarily worth three or four in the bush.  I"m in the camp whereby I can wait for the larger rewards once gold revalues. If you don't think gold will revalue

[IvanRo]

New monetary system backed by gold - it will not happen. Fast forward to about 2:50 into the below video for a simple explainer as to why... Peter Zeihan - Gold As to why Gold Majors want more exposure to copper and Copper Majors want more exposure to gold - its pretty simple they are effectively a natural hedges to each other. In simple terms, poor economic outlook copper down gold up and vice

[Heywood_Silvers]

Interesting you think a monetary system backed by gold won't happen, considering that over the last 2,000 years of monetary history 95% of that time humanity was under something akin to a gold standard. Are we in the current era somehow so much wiser and elightened than our forerunners?  How is it that during the time of the Founding Fathers we had effectively zero inflation?  How