RE: Reality WPX management has never intentionally mislead investors. WPX intends to own and operate the mine at a 51% ownership. There is nothing to say CNOOC through China Blue will not own 49% and have a substantial long term potass price agreement ...either way it spells an ROI of 18.6% and an NPV of $2.44B @ 50% = $1.22B. Please tell me where I can invest elsewhere for an rate of return of 18%.
The concern of the Chinese government thorugh CNOOC through China Blue is to minimize potential fallout and political nay saying due to foreign investment/ownership of Canadian mines. The Chinese are the opposite of stupid in the realm of both politics and business. This will plod along and in due time take its course but as a matter of business...WPX will succeed. Management has done their due diligence and carried out its plan succesfully to date in the face of opposition like yourslef... and look what has happened...every milestone (pardon the pun) has been met thus far. 1 or 2 more and your entire posting history will prove itself for what it is...laughable because you are a KRN bagholder.