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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 Mar 05, 2023 12:35pm
76 Views
Post# 35319992

RE:RE:Tunnel vision

RE:RE:Tunnel vision If I'm not mistaken reading this forum for several months, every reporting quarter has been overdue for the past 4 quarters WITHOUT A CEASE TRADE ORDER from the TSX compliancy group, IIROC, BCSC or SEC. So, these groups have been instructed by a higher force to allow trading to continue while they investigate/audit the financials. Perhaps one of the executives brought some baggage from a prior activitywith him based on the SH WMG posts by one particular influencer.

So, is it gov tax agency (IRS/CRA) auditing the financial books, RCMP Div 6 white collar crimes unit investigating fraud or another gov branch looking to fund the development with tax payer money? A private investor or institution wouldn't delay the financials for several quarters.

I have no idea but in the end the WMG needs money to cover the liabilities, move the pilot plant and find a home in Nevada, complete development, source Mg ore in large quanitities, lab testing, waste facility and commissioning. Will my wet finger calculation of $10M CDN hold up for first pour?

PS - In all sincerity,  you did a great job on the control burn of the share price from the run up to ~80 cents to keeping it at 10 cents for the past several weeks. If you go back through my posts around the time you threaten me personally, and others, with legal action you'll note my comment "control burn". Statistically speaking given the O/S and YUGE float the stock price should have been at 1 cent. Have you exhausted all the promo companies ?
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