TSXV:WMG.H - Post by User
Comment by
stockprobe19on Feb 14, 2021 8:59pm
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Post# 32566384
RE:RE:RE:RE:RE:RE:RE:RE:Western Magnesium
RE:RE:RE:RE:RE:RE:RE:RE:Western MagnesiumKTD I'm in agreement with you on most of your points. I'm not sure comparing AMY to WMG is a fair comparison. The circumstances aren't the same. I did get out of Adanac well before it's decline.
You say it's " Managements job is to try and look after its shareholders." True but not at the expense of the future success. Let's assume patenting the concept was done, there isn't a guarantee the share price will rise. Proof of concept will still have to happen but now you have imposed a time limit on the patent and have exposed the secret. Now it's a race to see who comes up with the finished product first. Corporations with deep pockets can fast track it much faster than WMG can with limited funds. Deep pockets can also cause havoc with share prices and other things. You may have a short term rise in price only to see it destroyed because you exposed your hand to early in the game. Management 's first priority is the health of the company and it's advancement of it's goals. Shareholders will benifit from that successful goal.