Western Magnesium Corp V.WMG.H

Alternate Symbol(s): MLYF

Metals & Mining Industrial Metals & Minerals

Western Magnesium Corporation is a producer of green primary magnesium metal. The Company is focused on plant operations and magnesium production. It uses a continuous silicothermic process to produce magnesium with low labor and energy costs while generating minimal waste and toxic by-products. The Company's technology eliminates inefficiencies and allows for a continuous, mass production of magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.

TSXV:WMG.H - Post by User

Western Magnesium Corp > $210mil Gem Finance

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Comment by Sherry35on Mar 03, 2021 11:27am

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Post# 32704913

RE:RE:RE:$210mil Gem Finance

Using the "3 Months Closes" from stockwatch.com, the total proceeds is $2.91M CDN starting Dec4 2020. How much of this money goes into the PP depends WMG investor versus day trader (scalper). I'd say $2.5M CDN gets reinvested.

However, if one goes back to Dec 2020, the $7M CDN may have been generated. That would mean 50M shares, at avg SP of $.15 CDN, would have traded to generate proceeds of $7M CDN. This is 15% of the O/S. With no insider filings, are the there multiple investors?

Anyways, the promotion is running out of steam because we are printing $0.13. Will the dumping continue below the PP strike price?

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