RE:RE:RE:RE:RE:RE:RE:RE:Very strong fundamentals for WPXThere are about 2 million shares that have been traded from weak hands to solid hands at about $0.15 for the past 4 days. This is the highest trading volume for WPX in recent history. Some investors are accumulating the cheap shares at $0.15 for profits with a great chance. Cheers.
SuperMoney wrote: Remember: (1) Potash is non-renewable resource, which will become less and less in the world; (2) the current lower prices are driven by current lower crop prices this year. However, the coming higher grain and oilseeds prices will drive fertilizer prices higher again; (3) WPXs Milestone has not started production yet. So the temporary current lower potash prices wont have any impact on WPX. (4) When WPX starts to produce fertilizers, the potash prices could be very higher as expected higher crop prices due to rising global populations and rising demand for meat. Cheers.
SuperMoney wrote: Most likely, the computer-programed selling at $0.15 is over by 033. Small amount of shares might still be put on ASK at $0.155 by 033 this morning. Clearly, investors like those cheap and under-valued shares from 033. Without 033, the share price should easily move up. This is only my observations, not a financial advice. Cheers.
SuperMoney wrote: 033 seems almost gone. Only 13500 at $0.15 and 164000 at $0.155 at present. It seems 033 is the major leading seller for the past two days, which have made many shareholders (including myself) fearful and nervous. As I said, some investors definitely like the under cash value shares from 033. In addition, any progress/updates for the Milestone project scope and design will drive WPX much much higher. This is only my thoughts, not a financial advice. Cheers.
SuperMoney wrote: 033 is making shareholders fearful since yesterday. Many shareholders sold their shares under their cash value with loss. Now, it seems 033 still has some shares at 0.15, which is cheap and under its cash value ($83 million cash /467 million total shares =$0.17). If considering WPX's extremely valuable Milestone potash project, the share price should worth much more. Just one believer that some investors will take all the cheap shares away soon. Cheers.
Steve888 wrote: The following is a good article to read although it was published last year. However, it provided background information about WPX's well financed Milestone project.
https://phosphateprice.com/a-chinese-company-buys-51-percent-of-western-potash/
SuperMoney wrote: You are right. We dont need to worry about the risks like many other companies have. WPX has huge cash and excellent valuable potash project. We just need to wait for the progress/updates from the company regarding to its engineering and procurement scope of work and subsurface design indicated by the following news, which could drive the share price back to the 52 week high ($0.295) or even much higher. =============================== WESTERN POTASH AWARDS ENGINEERING AND PROCUREMENT SERVICES AGREEMENT AND SUBSURFACE WELL DESIGN AGREEMENT FOR THE MILESTONE PILOT PLANT PROJECT 21/04/2016 April 21, 2016 , Vancouver, BC Western Potash Corp. (WPX: TSX) (FSE: AHE) (the Western, the Company) is pleased to announce that its wholly owned subsidiary, Milestone Potash Corp. has awarded the Engineering Services Agreement to Amec Foster Wheeler (Amec) for the next stage engineering of the Milestone Pilot Plant Project in Saskatchewan. Also, the Agreement to provide Pilot Well Subsurface Design has been awarded to Agapito Associates Inc. (Agapito) Amec will provide a full scope of engineering and procurement services as well as a Class 3 Capital Cost Estimate in advance of Westerns Final Investment Decision to construct the Pilot Plant Project. Deliverables include process flow diagrams, site plans, specifications, data sheets and detailed drawings. Western is pleased to continue to work with Amec and the continuity provided by way of Amecs involvement in previous engineering studies for the Milestone project. Amec has extensive experience in potash projects in Saskatchewan through its involvement in nearly all potash operations in the province, and numerous other potash projects around the world. Western will benefit from Amecs relationships with potash project suppliers and vendors as well as Amecs reputation for delivery of projects on schedule and within budget with safety being paramount. These are key drivers for Western as the project moves towards development. For the underground well and cavern design, Agapito of Grand Junction, Colorado will continue its engineering and design work following on from its involvement in the delivery of the Scoping Study for a Pilot Plant Scale Selective Solution Mining Operation dated July 2015. Agapitos design work will include well trajectory, well structure, cavern layout and a production schedule for the twelve-year life of mine. Agapito brings unparalleled experience in consulting management services in solution mining of potash in Saskatchewan and the United States. The engineering and procurement scope of work and subsurface design is anticipated to complete in approximately eight months.
Steve888 wrote: Yes. Another good thing is WPX has no any debts and liabilities. All assets and cash are net properties for WPX.
SuperMoney wrote:
WPX has +$83 million cash/working capital and excellent potash assets. The share price is under its cash value right now. By considering its valuable potash assets, the share should be worth much more than $0.16. Please see the companys March 2016 presentation: https://www.westernpotash.com/sites/default/files/march_2016_pdac.pdf