Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Western Resources Corp T.WRX

Alternate Symbol(s):  WTRNF

Western Resources Corp. is a 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 Company owns a 100% interest in the Milestone Project located in the province of Saskatchewan under various property leases. The Milestone Project includes approximately 84,557 acres of Crown held mineral leases and 65,305 acres of acquired freehold leases. The Company is constructing Phase I of the Milestone Project. The Company also invested in real estate development projects in the Greater Vancouver Area through limited partnerships. 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 project exploration program. The Company has no mineral production that yields any revenue.


TSX:WRX - Post by User

Bullboard Posts
Comment by patntgemon Apr 19, 2017 3:55pm
323 Views
Post# 26139118

RE:RE:RE:RE:Bottomless pit

RE:RE:RE:RE:Bottomless pit

Personally, and for what it’s worth, I wouldn’t put too much weight on what is happening to the price right now. Obviously, not a good time to sell, but this “new” company has barely had time to move the file cabinets in, let alone articulate exactly what they are planning. I would expect a couple months at the earliest for any announcements. i still think given the level of support from China and the background of the CEO and others, it is unlikely that this investment will just evaporate. Hey, we were all crying in our beers a few months ago that they just wouldn’t make a definite commitment to the pilot plant. Well, now they are going to really build it and produce actual potash. The same dynamics are still in play. Then, on top of that there is all this other, as yet undefined stuff they have an idea to get into. Once they start rolling and making deals, this current malaise will be irrelevant. Of course, it is possible for this stock to totally tank into oblivion, but I’m going to wait a few months to see what direction really emerges. I bet this will just become their "52 week low".

Bullboard Posts