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Western Magnesium Corp V.WMG.H

Alternate Symbol(s):  MLYF

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

Post by AucontraireIIon Jul 15, 2022 10:30am
119 Views
Post# 34826876

Clearly something wrong here

Clearly something wrong here
Apologies for stating the obvious, but clearly there is something very wrong here that we haven't identified for sure yet. About 9 months ago we were at almost $1 canadian, and now look at where we are despite a huge and potentially worrisome milestone having been achieved. Yes they were late with it, yes they over promise and under deliver, but at least apparently they have delivered the goods. So what don't we know that's causing this? I have no idea obviously. Maybe it's the market itself, maybe there is something within the company that we'll be the last to find out about, maybe it's just the financials that are much worse than we can even imagine, or maybe the very premise the company is built on that there's a huge demand for magnesium is overrated. I don't know, but something has changed in 9 months and that is worth taking note of I'd say.
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