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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 investor19on Aug 10, 2017 8:53pm
420 Views
Post# 26568989

RE:WRX is undervalued

RE:WRX is undervalued Investors like myself are extremely frustrated with the fact the management of this company has decided to use our money to invest in real estate in Vancouver at a time when you should be selling your real estate in Vancouver. They are doing this instead of BUILDING US A POTASH MINE with our money!!!!!!!!! Now we have to dilute the shares AGAIN because of these geniuses.  And guess who gets to pay for it. Us the investors.  You know how you can tell the entire world think s your a fool. Look at the share price. People tell you with their money.  So yes it's trading at a huge discount because there is absolutely no market confidence with these people. How on earth was the last stock  rollback necessary. im so disappointed in these guys and clearly so is the rest of the market. Build the mine and get production going, get some damn revenue flowing so you stop taking money from investors and generate your own cash flow. Then invest the company's money in something else besides potash if you want.   THIS damn project was derisked. Until we  decide to build multi unit dwellings with a specialty designer. WE INVESTED IN A POTASH MINE. NOT IN THE VANCOUVER REAL ESTATE MARKET. Enough said.  I sure hope someone from the office reads this. 
Bullboard Posts