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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

Comment by blackwood2002on Aug 10, 2015 11:11pm
488 Views
Post# 24005661

RE:RE:RE:RE:RE:Management Contracts

RE:RE:RE:RE:RE:Management ContractsI've been around since 2004 and have a much more considerable paper loss than 38k . However, the drop in potash prices in not the fault of mgt. perhaps if the scoping studies were completed sooner in a more favorable price environment this would have been wrapped up long ago but  3rd parties conducted the scoping study. Timing of its completion may not have been able to have been done any sooner. Nor could they have foreseen the drop in prices. It's large in part to bad timing not so much as mgt failure. 2yrs of trying and no success in financing or JV is not a mgt issue its mine economics . Hope won't change that fact. I commend their efforts to re jig the mine plan to get some traction . It's by far not a desirable option but better than none. If we have hope that we all won't loose a considerable amount of $$ any deal that gets us into production will lessen the blow of not make us some $$ . It just may take 2-10 years.. Don't get me wrong I'm not pleased with mgt but in light of the market environment the last 4 years I don't think they had much in the table to work with.  That picture does not look like it's going to change in the next few years either. So why pay mgt all that cash with hope of a better deal which may not come. They get paid and we write off losses. No thanks. 
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