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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

Comment by mdjbrownon Jul 08, 2015 10:48am
472 Views
Post# 23902781

RE:RE:RE:Time to light the fire under WPX sp

RE:RE:RE:Time to light the fire under WPX spblackwood, the CHC are not putting $80 million on the table for 51% of the recently announced pilot project, they are offering $80 million for 51% of the company as a whole............... Big difference............. Add that to CBCs option to re-adjust their position to remain at 19.9%, and a large majority of WPX will be Chinese owned. These 51% deals should be illegal, as it circumvents the need for big corporations to offer a fair value takeout offer to the shareholders ............ Instead the 51% controlling interest does as they see fit under the pretense of "the best interests of shareholders" (THEM), and the rest of retail shareholders usually get kicked in the teeth........ With China Blue already holding 19.9% of the company, it is going to difficult to stop this offer from happening, but I hope shareholders can unite to block this offer as $80 million for control of what appears to be a promising deposit, is highway robbery.............. when considering a Chinese company (CCCC) was in negotiations with Allana Potash prior to the ICL takeover and the offer included $156 million for 51% of their potash project. jmo
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