Western Resources Corp T.WRX

Where will WRX go?

[griffen1]

Western Resources represents an interesting opportunity. Assuming Vantage Chance did their due diligence, the value of this company sits around $0.37 per share. Based on a $80 million purchase of 54% of the company. Hopefully most of that $80 million dollars will go towards the completion of their mine. And not be overly diluted by bad spending. Bill xue & Company have a pretty poor track record in the six years he's been CEO. I don't know how anybody could possibly lose money in the Vancouver real estate market. But he has managed to do that on several deals. With the Chinese connections this company has you would think that they would have performed better. Although Vantage Chance is a black hole for it's Finance sources, I assume it comes with some smarter management opportunities in the future for this company.

[mdjbrown]

griffen1, first and foremost I hope a portion of the $80 million provided by Vantage Chance is used to pay the numerous contractors, who have been waiting for several years to be paid for building the completed portion of the mine. Also, it appears there will be some relationship bridge building required based on the following comments: "The reeve of the RM of Lajord, Armond Gervais