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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 AucontraireIIon Mar 10, 2023 7:58pm
81 Views
Post# 35332062

RE:RE:RE:All they need to do is be honest and transparent

RE:RE:RE:All they need to do is be honest and transparentI have to say that I agree with Sherry that things look very dark here. Very dark. To my way of thinking, the company  has never defined a completed roadmap to achieve continuous production.  Locations, permitting, financing, timeline etc.  Bits and pieces have been alluded to but seldom followed up on.  And now they are starting from just about scratch it appears (with knowledge of how to build a pilot plant at least), but have not bothered to explain how to finance it all nor really WHY they're moving, or even where!  Okay so Nevada the last I checked is a pretty big area.  Have they selected a site yet?  I don't remember that in the press release so correct me if I'm wrong. And this is to start ....in what, 6 months?  How is permitting at the Nevada site coming?  How convenient to extend salaries and extend them and extend them only to not even have an operational facility to be able to prove anything even works as advertised or not at the end.   Are they moving just because they're being evicted? As some people are suggesting?  In the end I am just an outsider trying to look in so I don't know, don't go by me.  But if you were them and you were purposely trying to paint a dark scenario, what would you do any different?

At the end of the day, as amazing as their recipe might be, and as much of a breakthrough as this might represent, an idea, even a very good one, has only limited value especially when putting it into practical operation may require a billion dollars or whatever. One must remember that whoever does end up owning this, and my fear is it's not going to be shareholders, is going to have to put up a bunch of money and take a lot of risk just to bring this to fruition ....so why would they pay a lot for the idea up front? And the market is saying the same thing.   Nobody is paying a lot for this thing ...including Insiders.  Some thoughts FWIW.  Call me names if you want, but better yet, tell me WHY I'm wrong?
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