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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

Post by jibberS45kon May 20, 2024 12:19pm
312 Views
Post# 36048761

Nothing to get excited about

Nothing to get excited aboutI had a first hand look on Saturday the 11th and only a couple vehicles there and gate locked but I checked again on the following Monday and I'd say at least 20 vehicles there. 
I did check with locals on that Saturday and a lady at the restaurant said there was no talk of problems at the mine and many of them order lunch from her. I asked if she could enquire from any of the employees that have lunch there and she said she would.
When I talked to her on Monday she said that she indeed talked to a worker from Western and he said nothing to worry about at the mine. They have had brief insignificant layoffs in the past and within a couple weeks they were back at it. He said it would likely be only a couple weeks as far as layoffs go and the mine was 99 percent ready but just doing some tweeking. I was also told that Western had talked to other larger potash companies that use solution mining possably for advice and they also had talked to some big wigs from Germany but what about she didn't know. I think this may prove to be the best buying opportunity ever on this stock IMHO but it takes big kahoonas. Just sayin.

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