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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

Comment by HuntNGatheron Nov 12, 2021 3:11am
182 Views
Post# 34118233

RE:RE:RE:RE:RE:RE:RE:What next?

RE:RE:RE:RE:RE:RE:RE:What next?While I realize that it may make me sound like a xenophobic jerk, I cannot help but say we should never ever have allowed a Chinese State entity to purchase this innovative little asset in Saskatchewan. In the same way that they are holding the lithium supply in a hostage situation for the rest of the world we allowed them to come into Canada and hold the potash Supply with a similar Stranglehold. As long as there was no real spike in demand there was ridiculously little interest in moving the project forward and proving out the technology properly. Instead it was foolish real estate intermingling of funds and then the rake the table with Finance techniques and clearly Shady bookkeeping. All the while we have far less Communications to shareholders and far more question marks than we should when it comes to a scrappy and promising little story in the Prairies. BMW you can rest assured you aren't the only one who lost a bundle on this. I check in on it now every week or two shake my head in utter disgust and then try to forget about it. One of the stupidest decisions I ever made was invest in a little company in my own home province. That part hurts more than anything else. I hope it turns around frankly I think it would take a miracle. I realize that we can't put everything to politics but in this case if you piss off the Tiger you better be prepared to get swiped. In my mind that doesn't mean we should appease the Tiger. It means we should never have gone near it or welcomed it. It seems that sewage water everyone was so proud would be sent our way for good purposes was merely just s*** finding its way to another toilet Peace HnG
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