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Bullboard - Stock Discussion Forum
Western Resources Corp
T.WRX
Alternate Symbol(s):
WTRNF
Chemicals
Basic Materials
Western Resources Corp. is a Canada-based resource company. The Company is mainly focused on the development of its Milestone potash project (the Milestone Project) in Canada owned by its subsidiary, Western Potash Corp. (Western Potash). The Milestone Project is located approximately 35 kilometers southeast of Regina in Saskatchewan, Canada. The project includes approximately 84,557 acres of...
Crown held Mineral Leases and approximately 65,305 acres of acquired Freehold Leases. The Milestone Project is constructing Phase I of a potash mine. The Company completed the drilling of 11 potash exploration wells on project property, completed several hundred-line kilometers of 2D seismic study, and conducted a 3D seismic study during the exploration program. The Company has no mineral production that yields any revenue.
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Bullboard (TSX:WRX)
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(1)
•••
silbersack
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Post by
silbersack
on Aug 18, 2020 1:05pm
deciteful
that way, the chinese get the whole thing very, very cheap...but as often in a deciteful way! I hope to be wrong, but the selling might have been started with that deal...
(4)
•••
jonathanRdeC
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Comment by
jonathanRdeC
on Aug 18, 2020 11:39am
RE:RE:Q2 financials out this evening
Guess who.... I'm betting the farm on the someone close to "the company"
Lancaster Resources Receives Drill Permit Approval for Alkali Flat Lithium Brine Project
posted Apr 30, 2024 9:00am by
Lancaster Resources Inc.
-
|
"The approval of our maiden drilling application is confirmation of our commitment to responsible, minimal impact exploration and the last major hurdle before launching our maiden drilling program at Alkali Flat," says Andrew Watson, Lancaster's VP Engineering & Operations. "We are one step closer to drilling the first well at Alkali Flat and proving the ...read more
(3)
•••
classicact
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Comment by
classicact
on Aug 18, 2020 10:26am
RE:Q2 financials out this evening
"Western Potash through its subsidiary 0907414 BC Ltd. (“BC Ltd”) entered into an agreement to sell the ownership of certain Phase II and Phase III vacant farm-lands (the “Property”) for gross
...more
(534)
•••
mdjbrown
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Comment by
mdjbrown
on Aug 17, 2020 10:51pm
RE:Why a potash company dabble in real estate?
cf, at one time investment in Vancouver real estate was golden, but it depended hugely on the entry point in that cycle. I get the impression timing may not have been advantageous when using some of
...more
(19)
•••
calgaryfine
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Post by
calgaryfine
on Aug 16, 2020 3:50pm
With global crop failures due to weather; need more potash
More potash to boost crop productions. When potash price rallies, WRX can't capitalise on it.
(19)
•••
calgaryfine
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Post by
calgaryfine
on Aug 16, 2020 3:45pm
Why a potash company dabble in real estate?
Why issued and diluted shares, and used the funds to punt in real estate? Why a potash company involved in real estate? Now no money to complete the first phase pilot project. Why?
(534)
•••
mdjbrown
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Post by
mdjbrown
on Aug 14, 2020 10:04pm
Q2 financials out this evening
A bit of a real life game of Monopoly going on, by the looks of it Announced last quarter - "As announced by the Company on May 14, 2020, Phase I construction has been
...more
(3)
•••
Bmw4ever1
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Post by
Bmw4ever1
on Aug 13, 2020 10:38pm
I am honestly speechless
I have been in this company since the $2 days and bought many times to average down. Since the last news and they keep bringing new Directors onboard, I am speechles to a point that
...more
(19)
•••
calgaryfine
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Post by
calgaryfine
on Aug 13, 2020 10:09pm
Why the project delay?
Money not enough? Why earlier raised funds and dilute WRX, and put in Vancouver real estate? Why a potash company dabble in real estate? Why a Mickey Mouse potash pilot project, with 100% uptake of
...more
(534)
•••
mdjbrown
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Comment by
mdjbrown
on Aug 13, 2020 9:15am
RE:RE:RE:RE:RE:RE:Maybe they are trying to tie up loose ends
It sure would be nice to see a spin out of the potash assets from the real estate side of things, jonathanRdeC. The folks at Western could be on to something huge here with the horizontal
...more
(4)
•••
jonathanRdeC
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Comment by
jonathanRdeC
on Aug 11, 2020 4:53pm
RE:RE:RE:RE:RE:Maybe they are trying to tie up loose ends
these stupid asses invested in real estate and didn't keep the money for the project. Now money is tied elsewhere... what bad management
(534)
•••
mdjbrown
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Comment by
mdjbrown
on Aug 08, 2020 10:30pm
RE:RE:RE:RE:Maybe they are trying to tie up loose ends
You are very welcome classicact Q2 Financials should be out this week, so hopefully they provide the ops update and financing progress everyone is wondering about
(3)
•••
classicact
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Comment by
classicact
on Aug 06, 2020 4:39pm
RE:RE:RE:Maybe they are trying to tie up loose ends
Thanks mdj, I agree, they pretty much have only two really important things to talk about, how the mining operation is doing and financing. I hope they cover both issues in depth.
(534)
•••
mdjbrown
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Comment by
mdjbrown
on Aug 04, 2020 9:53pm
RE:RE:Maybe they are trying to tie up loose ends
classicact, that information can be found in the last corporate financials / MD&A reported May 15, 2020 on SEDAR - Page 15 under "other" Quarterlies should be due out any
...more
(3)
•••
classicact
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Comment by
classicact
on Aug 04, 2020 3:22pm
RE:Maybe they are trying to tie up loose ends
"$35,000,000 was advanced from the Credit Facility Agreement. None of the Advanced Amount was repaid as of March 31, 2020." Bieng as this is just a loan and not an actual investment in the
...more
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