Western Copper and Gold Corp T.WRN

Rio / Mitsubishi top ups

[Pinegrove1]

Haven't seen anything on whether they will top up their percentage ownership after recent dilution. Rio did shortly after Sandeep's buy. Don't recall Mitsubishi doing it then. Any ideas??  Perhaps warrants an email to management.

[Pinegrove1]

Wow, that was good timing. 

[MetalMinded]

Perhaps it's not too early to get into Sandeep's ear about no more new agreements or extensions with RIO after the current one expires.  

[Marine2]

Rio "Top UP" This still means Rio maintaining their "stranglehold" on WRN,,, will be hard to break out of ! IMHO Rio sending a message to any other interested parties ! "WE OWN CASINO" IMO M2

[Pinegrove1]

Don't see how 10% gives them control. Paul has always been adamant that they would never compromise control. I see the opposite. RIO should be nervous that as this project gains interest and momentum they may lose their opportunity and it gets snatched away from them. They will of wasted a ton of time for a minority interest in a huge asset. 

[Marine2]

Pinegrove I should have stated, Rio sending a message to any other interested parties ! ""WE have the inside advantage""  in the Casino property.  IMO Don't bother getting involved !! M2

[Asdfghjk]

Not with 10% interest. That alone opens the door for others to walk in and offer bids. I think Sandeep will bring on new bidders to light a fire under Rio's bottom and create competition for them. Ideally we would be best served as shareholders by a bidding war for the asset. It may spur Rio to offer a bid sooner than later if they feel threatened on owning this mine. They've spent a ton

[MetalMinded]

And don't forget that RIO and MM do not have a formalized agreement on this asset.  MM doesn't care who buys it and develops it, they just want to have the rights they have.  So while MM gives street cred to the project as well, they give no direct support to RIO for a "stranglehold".