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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Bullboard Posts
Post by dusty51on Aug 23, 2008 4:48pm
259 Views
Post# 15405958

ERROL

ERROLErrol I understand your concern about where the share price has fallen to but i assure you this is not a pump and dump. The entire resource sector has fallen on hard times. For example look what has happened to Bear creek mining. The stock has gone from over nine dollars down to $2.80. They have two properties  one has over 400 million ounces of silver and the other property has over 200 million ounces. Nobody cares but some time in the future  the market will turn around.The other problem is the amount of cheap stock that the funds have flooded the market with. They purchased the stock for 25 cents and were happy to sell it between 75 cents and a dollar. In this market you need patience. Take a look at the venture exchange and i bet 50% of the stocks on that exchange are near year lows. It may be 3 months to a year before things turn around. We have one big advantage over most companies we have lots of cash in our coffers for exploration and  good management.
Bullboard Posts