Western Resources Corp T.WRX

The return of Western Resources?

[Joedeen]

So, Western Resources did indeed manage to sell their real estate properties - this includes selling parts of their Phase II and Phase III vacant farmlands that need to be rebought July 2023 latest - suggesting that they expect to get production running sooner rather than later as they‘d likely want those back. Their cash balance now stands at 8 million cash as of September and according to the 43-101 Report, which came out in November, „a further $33.21M is needed to complete the Project and bring the plant into production“. This means at least 25 million is needed to complete the project. Once the project restarts - I assume it will soon considering they now have some cash to spend, I believe raising the remaining money will not be as difficult, considering the price of potash currently. On a side Not, it should be noted that short-term liabilities did decline by 15 million as well. Im quite happy with what I am seeing. Anyone have any other or similar thoughts?

[mdjbrown]

Not sure I read yesterdays financials and MD&A through the same colored glasses you do, Joedeen. I really hope they can get this mine up and running, but not at the cost of its shareholders. Westerns decision to move cash initially designated for the advancement of their Milestone potash project into real estate investments cost the corporations shareholders milions of dollars. The company