TSXV:WMG.H - Post by User
Comment by
Griasdengon Jun 30, 2021 4:16am
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Post# 33471792
RE:Financials are really bad. Now on sedar. Quite concerning
RE:Financials are really bad. Now on sedar. Quite concerning Yes but at the beginning of that period, they had only 50k. So it's a little bit better, if i read and interpret that right.
Yes the last year was much "better" if you only compare it to that number. But for me it says that they made a lot of investments back then.
Of course this company have loads of depts, but without money they wouldn't do anything. They haven't produced anything yet, so there can't be any income.
I was shocked about over 300 Million shares around there. Yes, thats a load. But there are other Companys, like firefinch ltd, which has around 800 Million, and the price per share is around 0.25 €. Maybe this is a shitty company, but it shows that the average price can get higher than ours.
Anyway I like your posts. Keeping me informed about the bad sides of that Magnesium thingi.
I also don't like there presentation which says Magnesium is as strong as steel. Thats defenitly not true.