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Bullboard - Stock Discussion Forum Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based mining company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial... see more

TSX:WRN - Post Discussion

Western Copper and Gold Corp > Response from Sandy
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Post by gdug84 on Nov 17, 2023 11:25am

Response from Sandy

Thank you for your support and reaching out, I am emailing you from my email address so you have it for future communications and more timely responses.  
 

We understand your frustration, it has been a terrible market.  I would point out that our share price has moved similarly with others in the copper sector.  In regards to Paul’s selling earlier this year, it was done for tax planning and preparation for a large option exercise, he now owns more shares than he did at the beginning of the year.  It was unfortunate timing but not in his control due to blackout periods; where he wasn’t able to move shares due to his knowledge of insider information.
 

Our market cap is always top of mind for us, we continue to push to bring new investors in and inform our shareholders of advancements.  As you will recall, Rio Tinto is a strategic investor with ~8%, we are currently talking with them about what comes next.  We should have an announcement soon, but until that time, I can’t really say anything more.  Additionally we are moving forward with permitting and expect to submit the ESE Statement on Casino in the second half of 2024.
 

In the meantime, we remain very well financed, well positioned with strategic partners, with the largest Critical Minerals Mine in Canada.

 

Thanks,

 

Sandy

Comment by Marine2 on Nov 17, 2023 11:49am
dgug Thanks for sharing your response from Sandy Interesting reason for Paul selling shares,, great to raed what is going on NOW !  (Action Time) “we are currently talking with them about what comes next.  We should have an announcement soon,”   “I can’t really say anything more" Count down to what is next ??? M2
Comment by dfwrgk on Nov 17, 2023 12:54pm
Let us not lose sight of what the optimal outcome is for closing out November and this greatly anticipated announcement.  Let us not set ourselves and the market up for disappointment because we the shareholders don't really know what the right move(s) is, beyond 17 years is enough! Do we want Rio to dilute us more, to gain more control, and do we need this?  Perhaps. It might be ...more  
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