WESTERN POTASH CORP T.WPX

Very strong fundamentals for WPX

[SuperMoney]

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

[Steve888]

Yes. Another good thing is WPX has no any debts and liabilities. All assets and cash are net properties for WPX.

[SuperMoney]

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

[Derthebear]

Thx guys all have an eye on the stock ! I do like those junior potash project i think they've got gigantic potential ... The potash prices wont stay down forever with the belarussian and russian in the talked for recreating the cartel ..please let me know if you think its a good time to buy now ir there is still time before the next catalyst .. How long amec expect these studies to take ?

[Steve888]

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]

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

[SuperMoney]

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

[SuperMoney]

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.

[Steve888]

The bids at $0.14-$0.15 are rising. Investors just want to see if more cheaper shares available at $0.15 from 033. It may not take long for some investors to go ahead and grab the cheap shares at $0.155-$0.16.

[SuperMoney]

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

[SuperMoney]

Please just compare total assets, total current asset (i.e. cash and cash equivalent), debts/liabilities, and projects among the three junior potash companies: WPX, v.EPO and v.GSP. WPX has total assets of $155 million, cash/cash equivelant $83 million, and no any debts/liabilities. In addition, WPX has very valuable Milestone potash project. On the other hand, other two junior potash companies

[SuperMoney]

There 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]

I dont think any more cheap shares are available in terms of +$30 million cash in bank, very valuable & well financed Milestone potash project as well as about 2 million cheap shares (from 033) being already accumulated at $0.15-$0.16 by solid investors in past week. Once WPX decides to jump, it could jump very high. Again, this is only my observation, not a financial advice.

[SuperMoney]

It was very strong buys for the shares at $0.15 today. I expect to see trading at $0.155-$0.16 level tomorrow.  Cheers.

[mewbuddy]

really laughable. they were using 315 usd per ton for the pilot plant and only got 25% IRR.  If it's really that good, why the insider was selling? other than the Tairui group, nobody will belive the project will work out. WPX shareholders should be appreciated that Tairui did invested 80m or it will be trading much lower.

[mewbuddy]

if they stupid enough to spend the cash on a project doomed losing money, they should be heavily discouned by its cash value just as what market is reactinv now. 10 cents maybe, i might risk my precious capital or it's dead money for sure unless they use their money smart enough on something else. or they are not creating value but committing suicide.