Post by
bmw4ever on Jan 25, 2017 5:57pm
China blue
Can we get to the $0.73 level where china blue bought in. WPX will get good exposure once listed on the Hong Kong exhange
Comment by
Treadnimbly on Jan 25, 2017 7:27pm
I have just checked out the Legacy update and K & S should start producing mid 2017. They bought out Potash One and even though the price drop of Potash continued to build. We have an alternate lower cost method of extraction We could look at what they paid and what were amount of shares that is why I believe we are in for a good ride now. GLTA
Comment by
thairat on Jan 25, 2017 7:51pm
Potash One got bought for $443m by K+S. Western has now 467m shares outstanding. 443:467 makes a share price of $0.94. If you take in the 80m cash its $1.11, GLTA
Comment by
Treadnimbly on Jan 25, 2017 9:59pm
Also take into account we are closer to build than they were at that point as well as a cheaper production option. GLTA.
Comment by
calgarytran on Jan 25, 2017 11:45pm
What is the possibility of HK listing for WPX? How about Shenzhen or Shanghai listing? Afterall, WPX has 'become' China Potash. By the way, where is the mine? Hope the Chinese are doers; not talkers.
Comment by
thairat on Jan 26, 2017 3:24am
As far as I remember the rules of a KK listing, it takes a company with at least two years substancial gains, so this could be 3-4 years away. My fortune cooky sais, mine is near,-) There is only a small potash mining in the US, so if Trump raises import duties on canadian goods, Canada should raise export duties on potash, maybe Trump wants to buy his potash in Russia,-)