Western Copper n Gold (WRN)

[Guitarmanlife]

I think, from what I know, the property has reserves and is minable but at metals current value I don't think its gonna happen anytime soon(hence company stated a 2 yr pushback). The company last year had something in their timeline of operations go down(during the summer months as I recall it) that brought new investors to the table along with the rise in metals and that propelled us from the usual .60 avg to where we sit now. But other that their campaigning for $$$(IMO to keep BS ops up). I don't know what happened in Dec for the 1.80 spike but they did run similar on hype I think it was in 2012 in dec or the following year(I figure it was on expectations of earnings this time,) and when people saw all they are doing is chipping away at their reserves and pushed back the mine timeline, to me that is a sure flag over the next two years what is gonna continue to happen unless something radical happens or is announced.

Right now I am out of WRN (bought at .20 feb 2016 sold at .98 in August I think it was) but am watching for the drop to see if I can make money on em again for a 3rd time. And I am waiting for a min of .72 PPS

Take what I speculate as you will but right now WRN is moving on hype, metals pricing, CAD to AD differential and institutional buys. if you follow the Accum/Did chart above the monthly shows a downward trend that is hype drying up and investors like you and me aren't touching em as much. the On Bal volume shows institutional buys like an ETF that maybe holding em or I think there is an employee share purchase program that would fall under the on bal buys and when they announced that years ago that was the reason for the Dec 2012 run as I remember it.