Western Resources Corp T.WRX

Alternate Symbol(s): WTRNF

Chemicals Basic Materials

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 Maxime94on Apr 08, 2019 3:32pm

138 Views

Post# 29598269

RE:RE:RE:RE:RE:RE:Anyone exercising the rights?

I think that anything can go private. Even billion dollars company. To happen, buyer have to offer an acceptable price. I said that i don't think it will go private. I should have said "I don't think it will go private at these prices". Tairu only has 51 % . The % may go up a litle bit. But why would other share holders sell their shares at 12 cents if the company has an accounting equity of 150-160 MM $ ? There are other big share holders to convince. WIth arround 180 mm shares, it could happen at +0,85$ per share. But not at 12cents.

Bullboard Posts

Gold vs. bitcoin, where should you invest?