Western Resources Corp T.WRX

Alternate Symbol(s): WTRNF

Chemicals Chemicals

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

Western Resources Corp

Bullboard Posts

Comment by HuntNGatheron Apr 04, 2019 2:42pm

116 Views

Post# 29583536

RE:Anyone exercising the rights?

I am not going to. I think that we are in a market manipulation period right now and TAIRUI is running the show. They own 51% plus all that they get from backstopping this rights issue so they will in the driver's seat on a bus that has VERY few other seats.

If they take it private, we are screwed.
If they manipulate it upward and they end up making buckets of money on their huge stake in the company, then good for them and sort of good for us (since we still have our shares).
I have burned enough good money on top of a few embers of bad decision making and am finished. They don't need 11M dollars and if they did they could have done it in a different way.
Smells like a very old fish to me.

HnG

Bullboard Posts

@ the Bell: TSX advances to start off Christmas trading week