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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 Wiser8SSTon Apr 05, 2024 8:15pm
258 Views
Post# 35974210

RE:listening to u guys

RE:listening to u guysbmw4ever this situation reminds me of a long time ago with anonther canadian junior mining company called Tahera Dimond Corp, they spent a great deal of money, straight into receivership.  It's unsure how long Western can sustain this type of spending, but it would be wise to watch for news releases , annoucing additional funding from current or new investors. This will give Western the opportunity to fully complete construction stages of the Dredge, Production Mill, Loading facility and possibly drill additional production wells.

Annoucing false news releases with starting commisioning of the project completion last May, can be misleading to investors, and difficult to attain additional funds.

The stock has been trending downwards over the last 8 months, and will contine to trend downwards below 10 cents. 

The end goal will be hopefully a stock pay increase starting in 2025. 
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