Western Copper and Gold Corp T.WRN

How do they justify the further dilution?

[B4rryLyndon]

I mean an extension I can understand. But why was it necessary with further dilution?

[Marine2]

Just as I dreaded, more dilution ! .$0.60 stock price next year ! There is no Rose you can pin on this saw ! Now we are issuing shares @ 1.70 real dilution, by the time this is done we will have 300 million shares out ! Can't do much with a low grade ore body way up in "no man's land", no infrastructure (Hydro, Roads Ect) M2

[GardenManman]

M2. No surprise from PR. No progress but more dilution. 

[Marine2]

Just showes us Paul had no cards to play,,  lucky Rio through Paul a bone with a bit of money and an 18mo extention.  I can't see anyone else comming in for a buyout offer, Rio's  the only game in town. IMO I can see Rio buying us out at some point but by then WRN will have 300m shares out !   WRN Back berner,,, dead money or sell on any up tickes !  IMHO M2

[MetalMinded]

The time bothers me more than the number of shares.  We've essentially allowed RIO to kick the can down the road 18 months instead of forcing them into a decision. We didn't need to the money.  

[Diamondboy123]

Management loves it. Keeps gravy train going. Their draw on salaries seems less bloody given the larger treasury and they can play the sell in open market and exercise options at substantially lower prices for much longer. Rio gets some of the asset at stupid prices. Day traders make money on the natural undulations in price for an extended period of time.  Only the noble long standing equity

[GardenManman]

Yes. Rio is a seasoned and experienced player. They know they have no competitor.  They just spend small amount money to derisk. But they all know. 0 risk means high price. Actually even permitting finish. Rio will not pull trigger. Because no other competitors have ability to spend $4b to construct.  So they have patience. Yukon only have 40k population and no worry feed their people

[GardenManman]

Rio is the decision maker. Not us. How can we change current situation? Bring more competitor. No competitor coming.  No more options to management.