Western Copper and Gold Corp T.WRN

Wrn discussed - Strong takeover candidate

[Pinegrove]

https://www.swissgoldletter.com/a-permit-a-permit-my-kingdom-for-a-permit/

[IvanRo]

Article Key Quote: "At these prices, risk is low and an acquisition could come quickly, but one should not bet for more than a double of the current market price."

[jclarke042]

And a key quote from last year's article by this guy: https://www.swissgoldletter.com/buying-western-copper-and-gold/#t-1663515008065 "To be clear, WRN is not a ten bagger, and we think it is likely that some new shareholders won’t be ecstatic with the final buyout price unless management increases the competitive tension among interested parties or the copper price appreciates

[Marine2]

Pinegrove I like this part, "Western Copper & Gold (WRN.TO) - $1.73 WRN is once again at a compelling price level. (Like I said)   The company is still trading at a big discount to peers at 0.16 times NPV.  Rio Tinto's key rights expire in November 2023. Large investors have been part of this story for a very long time and may be ready to sell to the highest bidder.

[Pinegrove]

Marine, I hear you.  I've been holding a long time too & think I'd take less just to get it done but it seems the further this progresses the less we want.  Should be the opposite.  Let's see what happens with Rio.  Management's job is to enhance shareholder value.  Time to step up Paul & group!!

[Sooner]

$1.27 USD X 161M shares = $205USD market cap / $1.7B USD NPV = 0.12 times NPV ...not 0.16. 0.16 would put us right at $1.7USD per share --- up 30% from today's share price. Not sure where they come up with 0.16.... and yet no one is buying....

[jclarke042]

I'd assume he's talking CAD.

[Sooner]

No. CAD = $1.72 X 161 = $277M / $2.3B NPV = 12% NPV or still about 30% off. doesn't make sense. 

[jclarke042]

The larger point is taken. We're historically undervalued, but presently very much in line with peers not including Filo.