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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 MNF1098on Oct 21, 2023 1:05am
196 Views
Post# 35694263

RE:RE:RE:RE:RE:Zembala

RE:RE:RE:RE:RE:Zembala I was the 1st to tour, No, regarding "in actual operation". However, the employes were working, they were monitoring something. (Were they temps, I have no idea) If you go back and see pics from what they stated was pics in press releases of the Pilot Plant, that part was 100 % true!. I walked up the stairs to the very top and Paul was explaining everything regarding what this section did. If the system was fixing to overheat, they had everything covered to shut down eveything. Obviously, I had to leave phone, etc at start of the tour. Again, review those pics they put out in press releases, That part was real. They were so concerned about IP being compromised. Bottom line, I went there, I saw the facility, I spent hours with Sam. I did not participate in any more PP. When the price got to 77 cents all my friends were telling me to get out. I couldn't, I could not trade it here in the USA,
I wasn't anyway.

I was drinkin Margaritas when Robert called me regarding this company, I only bought this because my good friend who has sinced passed thought we should give it a try. I never even researched it. But, once I did, and the stock started to move positive, I thought I may have hit something. I did purchase (exercise)  my warrants.  

Now I see now where eveyone is taking shot of my last sentence from earlier post regarding they ran out of cash. I just chunked that out there. I have no idea what happend. Everything people are saying is probably correct now after the fact. ( and before the fact),  It was never approached to me as a 100% homerun. The pages you have to glance at when signing up for PP is very transparent. I knew it. It was a risk.

I honestly wish I could provide more detail about the Pilot plant. I was impressed at the time. It looked encouraging at the time. They spent some money on this sucker. But the reality is, this entire dream would take 100x more money to build somthing that would be commercially viable. But that was their goal. I applaud them for that!

I still don't believe they took the PP money and blew it on whatever. Something is not adding up. People like Ed and the other engineers just don't dream up something and decide they want to screw everybody. This was their dream. My guess, they are hurting internally a trillion times worse than myself! 

Apologize, about the rant, It is what it is!. Time to move on! I'm just an old worn out Pharmacist, still grinding!
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