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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Western Resources Corp > Q2 financials out this evening

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Comment by classicacton Aug 20, 2020 9:37am

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Post# 31432827

RE:RE:RE:Q2 financials out this evening

Thanks mdj

I find not disclosing who the buyers are a little disturbing and murky. Did they sell to the other major shareholders?

Why leave these questions out there at a tenuous time like this?

IF they were unable to get financing and did enter into court protection these properties would only be useful to the new owner who buys up WRX for pennies on the dollar.

Also, in my experience the only reason everyone starts putting liens on the company is when they are worried about getting paid and want to get in the line up to get what they can under the court protection.

Is my imagination on overdrive?

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