WESTERN POTASH CORP T.WPX

Boom! WPX opening the doors!

[blackwood2002]

Latest NR.. Western Resources Co created to hold WPX in it's entierty with no change to existing shareholders current ownership. However, it avails the new company to diversify into other resources . I'd suspect Chinese SOE's and other Institutional buyers will start buying up stock. With the financial backing all in place with CDB the buid of the pilot mine is good to go and deep pockets available to fund full mine expansion without further dilution. Using the same formula they will now have the ability to expand the business into other resourse plays. Again, I doubt with additional dilution as the current ownership group would not be keen to see any further dillution of their significant investment. It provides the Chinese a back door rout to buy other resource assets & companies without going through reglatory approvals with the CDN gov. Now, each deal will be subject to approvals but no where near as long and costly as starting from scratch as a foreign company buying a CDN resource company or asset. I do not see a downside here. Once the newly formed corp hits the Asian exchange the flood gates of Chinese buyers may come in given the expanded potential of the company. Looks like we are set up for a potentially massive rally over the next year ..

[Aim2smite]

This is an excellent news!! The rally in the beginning of the month is actually related to this news. THis move creates many many more opportunities for western potash in terms of jv and rasing capital. Without additional new money, the new company simply can't buy other assets. I am expecting either a financing deal or jv partner or some sort of creative capital injection after the reorg is

[theinvstore]

.........."with no change to existing shareholders current ownership" That is to say ... "proportionate change" - therefore a 5:1 reverse split.  Still good news - at least the institutional buying can begin. GLTA

[Treadnimbly]

At last well done! Got my vote we are going BIG time! Bet they have something else in mind outside Saskatchewan??? Be interesting trading tomorrow!! Going to enjoy that beer tonight! ;-) GLTA.

[blackwood2002]

Normally a reverse split is a troubling sign of a company in difficulty but in this instance it is a positive one in my books. Since we are currently undervalued on a cash and asset basis it will help realize the BV of the SP. That's without taking into account the NPV of future CF based on mining the resource. Not only the initial 150k/T year but up to 2.8mm/T year a few years out. I'd

[mdjbrown]

blackwood, it will be interesting to see if Western Resources trades at $1.55 once Western Resources starts trading in March. "Upon the completion of the arrangement, the proportionate ownership interests of the Western Resources shareholders in Western Resources will be identical to their respective proportionate ownership interests" "Western Resources Corp., a British Columbia

[mo1975]

I ve been looking on the net for Western resources corp... and there is nothing that i can find except for some other companies with that name ...from the phillipiness etc... can someone give a me a link to this new  BC corp  name Western Resources Corp

[thairat]

They are going to amalgamate Western Potash into Western Resources after shareholder approval in May. 5 Western Potash shares into one Western Resources, 5:1 ...Western Resources Corp. ("Western Resources"), a British Columbia corporation created by Western Potash for purposes of the Arrangement... https://www.westernpotash.com/news/western-potash-corp-announces-corporate-restructurin