RE:Bully-FairBigrig,
Re:
I have had many conversations with Ed expressing frustrations over how long the process is and has taken ! In one of these many conversations did he give any idea when this would be done?
WASHINGTON, D.C. – TheNewswire – April 13, 2022 – Western Magnesium Corporation (TSXV:WMG.V); (OTC:MLYF); (Frankfurt:3WM) (“Western Magnesium” or the “Company”) is pleased to announce that it has engaged an accredited, independent valuation firm to provide an assessment of the Company, including its intellectual property, systems and controls, and market potential.
The valuation will challenge critical assumptions of Western Magnesium’s business model and technology and comes as the Company nears completion of a sophisticated commercial pilot plant. The in-depth analysis is expected to involve several weeks of scrutiny by skilled assessors, the results of which will be communicated to Western Magnesium’s stakeholders and commercial partners. I know Stockprobe was optimistic that this would help boost the share price (BTW, where'd he go?)
stockprobe19
June 13, 2022 - 04:29 PM
Post# 34753284
RE:RE:RE:Regardless
2 things need to be done. First the metal they produced is like drilling out core holes in the ground. They were sent out for analysis to be tested for purity. Next we need a report from the company that is doing a valuation of the technology. Without those 2 things it stands to reason why the stock hasn't made any move on the production of metal.
Making metal didn't do anything (positive) for the sp.
V.WMG | June 7, 2022 Western Magnesium Celebrates Production of Magnesium
Metal with Unprecedented Technology
In fact it's dropped in half since that 'unprecedented technology' announcement.
| 2022-06-06 | V | WMG | 0.29 | 0.32 | 0.275 | 0.315 | 0.035
|
$0.1550.005 | 3.33% Yeah, I know, the kungflu, the market, inflation, supplychain, interest rates, the pine beetle, climate change, gas prices, monkey pox, Trump has documents...
New Omicron focused gene therapy injections coming soon, maybe that will take the stock to new highs!
They said the valuation would take 10 weeks, it's been double that.
The tour was a good move PR wise but not stock wise, not sure why it didn't help.
So far it sounds like there was only one guy there.
Anyone care to give an estimate of how many showed?
A couple of possible reasons why the valuation results are not yet public as mentioned in the 13 April NR.
1. It's still not done (can't be that big a job)
2. Numbers are not good.
Hope it's the former not the latter.
Also, the fact that the number one defender of the faith has vanished isn't good.
Stockprobe, pop us a quick post to let us know that you are ok.
Bigrig has taken up the slack but he must be getting tired of swatting flies by himself.
WMG, boys and girls of all colors, faiths and nationalities, give an update on the valuation to your shareholders.