WESTERN POTASH CORP T.WPX

down another 15% today

[Aim2smite]

Don't understand why the bottom is still not found. Am I overly optimistic on this company? Trading at only a slight premium (about 4 cents) to its cash value and a whopping 75% discount to its NAV. If this is still not a value play, I should go back to investing 101 and learn everything all over again. Other longs, please share your views. GLTA

[mo1975]

I am not sure why.. I have been on this one for many years lots of low entry points and some spike from time to time... i guess we will know more if they give us the rational for the reverse ipo for the western resources and the split of 5 to 1 ... to consolidate the numbers of share.....still the major contributors of this cash are a couple of chinese firm.. would have been nice though to sell

[Aim2smite]

Thanks for sharing your view. Over 10 million shares changed handin the last month at an average price of 28 cents. A lot of people are sitting on losses including myself. The buying that I saw during the frenzy didn't look like coming from retail investors at all especially when you take into consideration of the timing of the purchase. Anyway just my 2 cents observation. I am holding my

[Treadnimbly]

The SP had traction at 22 cents before so I am hoping this is bottom. My guess is investors wanted it as a pure Potash play. I like they are looking at spreading into metals etc. because it will bring in other investment from China. I think someone mentioned earlier that they might JV the Potash play which would spread the risk but may attract the investment to mine at 2.8 mill. I realise I have

[thesheet]

The material changes going on here will finally get me to invest... thesheet