TSXV:WMG.H - Post by User
Comment by
KonnectTheDotson Jun 08, 2022 6:21pm
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RE:RE:RE:Priced In
RE:RE:RE:Priced In Not sure I follow , so you are saying when we had our high into the 90s there were more buyers that basically had confidence in the company and now they don't?
so last fall and this spring when the price spiked you are saying the news then that caused those spikes was more important than the news they just released about completing the pilot plant and producing metal?
I certainly don't remember that news being of much consequence I think they were saying they plan on producing metal soon now they said they've done it
in retail there is a saying, the customer is always right , basically in the market it's the same thing if the company can't instill enough confidence in the buyers to buy in great enough volume to drive the stock up that is an indication that they don't think they are going to get a return on investment.
at the end of the day the stock price is the value of the company.
it doesn't matter if you are I think it should be higher whatever it is is what people are willing to pay for it
it's just like anything else a painting for example the Mona Lisa is it worth millions of dollars?
it is if someone's willing to pay millions of dollars for it.
We might think western magnesium stock is worth two or three dollars or whatever but at the end of the day the price is what it's worth right now it's $.29 or whatever.
pretty sure the company knew they're not gonna get much in the way of an increased stock price that's why they talk about a rollback that's the only way they're gonna get this thing up to three or four dollars