RE: They must be out of cash (John Costigans e-mail reply, from yesterday).
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Dear Sirs
As you are well aware we do not control the stock price. We believe that the selling is based on the analyst downgrades that have been published in recent weeks. Normally analyst come out with down grade once the stock has fallen. As was the case with WPX after one of the Chinese companies we were speaking to broke off talks.
The exclusivity of those talks lead to the last balance sheet showing $1.56 million CAD. We have taken several steps to remedy this and we will announce something once the transactions are completed.
Yes we are very confident with regards to completing the Full feasibility Study this year. Our target remains the end of November. Environmental approval is expected in Q1 2013.
Thank you for your patience in these difficulty markets.
John Costigan
VP Corporate Development
Western Potash Corp.
Suite 1818 - 701 W. Georgia St.
PO Box 10144, Pacific Centre
Vancouver, BC V7Y 1C6
T: 604.689 WEST (9378)
C: 778.772.9565