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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
Post by HuntNGatheron Apr 05, 2019 6:26pm
130 Views
Post# 29590442

WRX activities

WRX activitiesIt is very odd that when you go on the website you can see that they are actually (or at least pretending) to hire employees for real jobs that pertain to a mine or at least the beginnings of the operational team.  If that is real, then there should be no problem right?  There may actually be some potash coming out of the ground.

 Could it be that we were just so dishartened and beaten down by the years of horrid pricing and this now terrible rights offering that we all just folded up our cards and let the Chinese owner (really, that is what they are) amass now about 75-80% or . more of the shares by either selling them our rights for pennies (or a penny to be precise) so that they can spend 11Million dollars that is really just balance sheet money movement...and we sit back and just take it.

What a joke.

I still have my shares.
To hell with the rights and buying more shares in this overmanipulated pile of turd.
I am tired of being on the tip of the dog's tail when it comes to this.

I will sell this in a heartbeat when I can stomach the loss.  For now...screw it.
Bullboard Posts