{"id":10523,"date":"2016-12-13T09:35:00","date_gmt":"2016-12-13T13:35:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=10523"},"modified":"2026-09-26T07:19:49","modified_gmt":"2026-09-26T11:19:49","slug":"nia-wpx-has-most-upside-headed-into-2017","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/articles\/nia-wpx-has-most-upside-headed-into-2017\/","title":{"rendered":"NIA’s WPX Has Most Upside Headed into 2017"},"content":{"rendered":"\n
Yesterday, NIA announced Western Potash (TSX: WPX)<\/strong> at $0.135 as its #1 stock suggestion for 2017<\/strong><\/span>. WPX<\/strong> finished yesterday up 33.33%<\/strong><\/em><\/span> to $0.18 per share<\/strong> on very strong<\/span><\/em> volume<\/strong> of 2,364,270<\/strong>. This could be our last chance to enter below $0.20 per share. WPX<\/strong> raised $80.7 million<\/strong><\/span> in August of last year in two private placement transactions<\/strong> at $0.3358 per share<\/strong>!<\/span><\/div>\n\n
\n

In NIA's opinion, WPX<\/strong> is likely to very quickly return<\/strong><\/em><\/span> to last year's private placement price of $0.3358 per share<\/strong> – with North American Potash Inventories<\/strong> declining 49%<\/strong><\/em><\/span> over the past three months and potash prices<\/strong> likely to soar<\/strong><\/em><\/span> in 2017!<\/span><\/p>\n\n

WPX<\/strong> has CAD$74.78 million or $0.16 per share in cash<\/strong><\/span> and no debt! At WPX<\/strong>'s current price of $0.18 per share<\/strong> its 100% owned 87,500 acre Milestone Potash Project<\/strong> in Saskatchewan, Canada, is being valued at only CAD$9.34 million<\/strong> when K+S AG (KPLUY)<\/strong> paid CAD$434 million<\/strong><\/span> in 2010 to acquire Potash One<\/strong>, a potash exploration company that owned the project directly adjacent<\/strong><\/em><\/span> to WPX<\/strong>'s Milestone Potash Project<\/strong>!<\/span><\/p>\n\n

K+S AG<\/strong> is currently constructing a mine at its adjacent Legacy Potash Project<\/strong>, which is set to commence<\/em><\/strong> potash production<\/strong><\/span> in 2017! Last year, Potash Corp of Saskatchewan (POT)<\/strong> offered CAD$10.9 billion<\/strong><\/span> to acquire<\/strong><\/em> K+S AG<\/strong>, specifically for the purpose of acquiring<\/em><\/strong><\/span> the Legacy Potash Project<\/strong> – but the deal was rejected by K+S AG<\/strong> shareholders who considered the offer to be too low!<\/span><\/p>\n\n

WPX<\/strong> has the backing of China Development Bank (CDB)<\/strong>, the world's largest<\/span> development finance institution<\/strong> with approximately USD$2 trillion<\/strong><\/span> in assets. CDB <\/strong>entered into a Memorandum of Understanding for Strategic Cooperation<\/strong> with WPX<\/strong> in October of last year and the signing ceremony was attended by CDB Chairman Hu Huaibang<\/strong>! <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday, NIA announced Western Potash (TSX: WPX) at $0.135 as its #1 stock suggestion for 2017. WPX finished yesterday up 33.33% to $0.18 per share on very strong volume of 2,364,270. This could be our last chance to enter below $0.20 per share. WPX raised $80.7 million in August of last year in two private placement transactions at $0.3358 per share! In NIA's opinion, WPX is likely to very quickly return to last year's private placement price of $0.3358 per […]<\/p>\n","protected":false},"author":1,"featured_media":10524,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[378,377],"class_list":["post-10523","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","tag-potash","tag-wpx"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=10523"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10523\/revisions"}],"predecessor-version":[{"id":10525,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/10523\/revisions\/10525"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/10524"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=10523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=10523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=10523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}