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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

Comment by Sherry35on Oct 18, 2022 11:14am
70 Views
Post# 35031421

RE:WMG RISING

RE:WMG RISINGSp - Your points are very valid. Most of the posts I ignore especially the 1 to 3 liners.

However, there is a perceived issue with the interim financials not being accessible on the SEC Web site. With the former CFO returning, now we've gone back approx. 5 to 7 years with the financials. Given the described optics, I have come to two possibilities:

1) accounting issues which is part of the norm for companies operating in more than one country. Hell, even Nortel had accounting issues.
2) large organization wants the accounting records scrubbed for the past 7 years before investing.

If the executive team is blaming forums for the low SP, they need to look in the mirror first. They need to manage the optics.
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