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WESTERN POTASH CORP T.WPX

"Western Potash Corp is engaged in the acquisition, evaluation, and exploration of mineral properties containing potash in Western Canada. The Company holds interests in the Milestone Project located in Southern Saskatchewan."


TSX:WPX - Post by User

Bullboard Posts
Post by dusty51on Oct 16, 2008 2:10pm
786 Views
Post# 15529511

WPX

WPXThe company has over 30 million dollars in its bank account. Buying back 4.9 million shares will cost them at todays share price roughly 1.5 million dollars. Shares of WPX based on cash on hand are worth in excess of 40 cents per share. Management  obviously thinks the stock price is going higher or the would not be buying back these shares. The company will still have lots of money for exploration  and acquisitions.  I think if management could they would be buying even more than the 4.9 million shares.
Bullboard Posts