WESTERN POTASH CORP T.WPX

Russia sanctions

[blackwood2002]

Yes, I'm bored. By the way .. Acron's CEO and founder is one of Putin inner circle and could possibly be listed up under further sanctions imposed by Canada.. Im not sure if this could effect any possible deal Between Rio and WPX but it's worth a word of mention. If things  continues to worsen.. Which it certainly looks like it will this may pose a problem unless Rio can front run the deal and sort the details out in the background. Thoughts?

[theinvstore]

RIO doesnt car abiut this POTASH PLAY... they are into serious ownershsip and they ( RIO is not directly involved) ..its one of their arm's length affilitates. This is not getting bought out by RIO. It will impact their already bruised reputation and they are better off staying at arms length. Therefore WPX is relegated to building its own financing structure which is not happening with any

[blackwood2002]

What did you think would happen the investor? The mine financing number was in the pre/post feasibility studies.. It's been know for a long time.. I don't think our savior will be a buyout either but they do not have to get 3.3b in one place. Lots of options just takes time to appease all parties. Welcome to the world of jr mining companies. 

[theinvstore]

I think this is taking too long. It has been known for 1 year that: WPX is a world class deposit in a safe and supportive mining region. Government of Canada is weary of majority foreign ownership. WPX has the rights to several parcels of the RIO KP405. All the above have been known to managment for more than 1 year and they maintain they will build the mine. This is incredulous

[calgarytran]

Taking too long is one thing. But, WPX's management's silence and lack of feedback is troubling.

[theinvstore]

WPX's management is troubling... INDEED! Time is money... they have now eaten up 19% of the value of this company based on simply time. Mineral rights = 21 years. Time taken since inception of mineral rights = 4 years Is that management or mismanagement? Both the clock and shareprice are winding down! Thanks Varas and Costigan...!

[blackwood2002]

Theinvestor . Your Lack of patience is not unjustified but not necessarily indicative of potential issues surrounding WPX mgt ability to get a deal done. Your statement itself speaks to the potential complexity of putting a del together. Think for a moment of stick handling around the governments concern about national interests in resources becoming held by foreign entities given past experience

[theinvstore]

$20 SP in 10 years.  Thats a stretch given that we are under 20% ownership of China BlueChemical. Furthermore at todays prices the highest we would see is $11/Share and thats not counting that China Blue owns 20% of that..... I think your a little overly optimistic.

[blackwood2002]

I was illustrating a point not predicting a future sp vale. Obviously you missed the point. 

[northmark]

I dont  think RIO is in a panic here. There are 5 companies who supply 70% of the worlds supply of potash  with reserve capcity and  BHP adding another 10mt anualy with their Jansen project. Uralkali exposed the potash industry to volume over price and it only proved that marketing potash through Canpotex and their russian counterpart BPC was the only way to secure pricing and there

[thairat]

Eric from blog prosperitysaskatchewan raised the followig questions: The bigger issues are: (1) Will the Government of Canada place sanctions on Russian potash exports, thus driving up – at least for the short-term – the need for Saskatchewan potash? (2) Will the Government of Canada place sanctions against Russian holdings in Canada, thus disabling Acron and giving Rio an undesirable business