Today, mining analyst Stephan Bogner from Rockstone Research published an update entitled “Time To Vote For Western Potash Corp.”
Excerpts:
This week, Western Potash Corp. (TO:WPX) mailed to shareholders a notice for a Special General Meeting to be held in Vancouver on Monday, August 24, 2015. The purpose is to approve, or disapprove, the proposed $80 million strategic investment from Beijing Tairui Innovation Capital Management Ltd. as announced on July 6.
Some people may argue that Western Potash’s management team is selling a majority stake in the company at too low a price. In evaluating the transaction, it is important to consider the following question: “What scenario could bring a better stock performance?”
What scenario will create more shareholder value, legacy in the hands of a new owner or Milestone in the hands of Western Potash and Tairui Capital?
Please read the full disclaimer within the full research report mentioned above as conflicts of interests may exist.