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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

Post by materialsgirlon May 28, 2013 12:28pm
352 Views
Post# 21458355

Sell while you can.....not

Sell while you can.....not

There are many instances where a share price runs ahead of itself and the right thing to do is to sell while you can at an inflated price.

WPX is not one of these situations for 2 reasons;

1  the share price is still extremely low for a company with a fabulous asset

2  One day, maybe soon or maybe not so soon, WPX will be taken over or a joint venture deal will be signed with a government entity (India or China) or with a large miner who wants to get into potash or to expand its potash business.  There will be no gradual build-up.  There will be no soft music leading into it.  Just... BANG... like a flash of lightening and something like a takeover offer for $2 or some such number a share will happen.  The share price will then rise to 10% or 15% higher than the offer as speculators will gamble on a competing bid.  If you are not on board before the offer then you miss out.

There is no other asset quite like this anywhere; not this size and not this far advanced in an ideal location.

Doubling down would be a better option than getting out while you can. 

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