Western Copper and Gold Corp T.WRN

I think somethings up & here is why....

[Pinegrove1]

This current raise with Eight Capital....  It doesn't make sense to me that we would raise money now at $1.90 when we don't even need it.  Better to advance the project, let copper rise, let share price rise and raise in a few years with a higer share price (and therefore less dilution), assuming that we would even need to raise at all.  We are going to have $80M with alot of dilution.

This deal provides the "consortium" with a bigger position than Rio & Mitsubusi combined.  Consider $40M bought deal + 15%. Also consider Sandeep's position of 2M shares + warrants.  Let's not forget that Sandeep comes from Eight Capital.   Also consider that Eight Capital has been buying large on the open market.  Also consider Eight Capital's prior approach to investing with other projects.

Also consider that our average volumes on both the TSX & NYSE for the past month are approximately 5 X the average.

Also consider copper at $4.50 & Gold at $2,400 with both showing no signs of slowing down.  Don't know what is happening but I'd bet my bottom dollar that something is up.  My advice to Rio right now is that they best get at it or they may lose the opportunity and will just be a major shareholder in a new Copper/Gold company.  So much happeing and so fast!

[Oakie1]

Pine, I agree with you. I noticed when EightCapital's amount of WRN was greater than RIO/MM that it was not a coincidence that was happening. Sorry to say I did not say anything then (a couple of days ago), as I was not sure of my math. I smell something cooking. Oakie 1

[AZlivin]

I might be completely out of bounds with my thinking, but is there a chance the money raise is going towards advancing the mine itself? How many other mines/projects in the area are raising money? If memory serves me correct, the Canadian government was only going to pay for part of the road leading to this area. I'm not sure how the rest of the road would be paid for, but I would think an

[Pinegrove1]

Yep, good point. May be the case. As long as they are advancing the project thereby creating value for shareholders. If it's for SGA, bonuses etc then not so good. Still doesn't explain the huge uptick in volumes. My obvious preference is a competitor looking to snatch it from Rio. Payday for us...

[Marine2]

Pinegrove One thing for sure, the $80mil will be used for something more then just furthering development of Casino. IMO Work being done on diminishing Rio's control ! IMO Rio has a lock on Casino right now that needs to be challenged ! IMO M2