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Bullboard - Stock Discussion Forum 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... see more

TSX:WRX - Post Discussion

Western Resources Corp > Political?
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Post by classicact on Dec 11, 2020 9:59am

Political?

I'm starting to think this is due to the political issue,  we know the Chinese have the money or at least the backup money to finish this project.

Its looking like a wait and see thing on the current Canada/Chinese standoff.

If things were to deteriorate as it has in Australia, Chinese investment will be curtailed.
Comment by mdjbrown on Dec 13, 2020 11:44am
classicact, I sure hope both the federal and provincial governments are looking into the foreign ownership loopholes of the provinces precious resources. The Chinese are very good at foward thinking strategy and have their fingers in a lot of assets throughout the country. They could easily pay out the outstanding debts owed by Western to its contractors, but are not doing it to date Why not ...more  
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