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Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

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.


TSX:WRX - Post by User

Post by griffen1on Apr 19, 2022 9:38am
221 Views
Post# 34612770

Where will WRX go?

Where will WRX go?Western Resources represents an interesting opportunity. Assuming Vantage Chance did their due diligence, the value of this company sits around $0.37 per share. Based on a $80 million purchase of 54% of the company. Hopefully most of that $80 million dollars will go towards the completion of their mine. And not be overly diluted by bad spending. Bill xue & Company have a pretty poor track record in the six years he's been CEO. I don't know how anybody could possibly lose money in the Vancouver real estate market. But he has managed to do that on several deals. With the Chinese connections this company has you would think that they would have performed better. Although Vantage Chance is a black hole for it's Finance sources, I assume it comes with some smarter management opportunities in the future for this company.
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