Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Nasdaq lol can't even close a PP
View:
Post by Executer99 on Feb 14, 2021 6:31pm

Nasdaq lol can't even close a PP

Nasdaq ..lol. you need $2-$4

WMG has NO cash, a burn rate of 1.6 million per quarter and...

A private placement that has closed 2 out of 7 million and is still open since September 10 LAST YEAR! and below market value at .13 cents 

Only way would be a minimum 10 to 1 rollback 

They will have 400 million shares soon... if they ever close anything 

Begter chance of getting onto a NASCAR...lol.
Comment by Longshots777777 on Feb 14, 2021 6:45pm
the question is executer99 , why are you here? You wouldn't be trolling around here if you didn't see the potential this company has. This year is going to be critical, to be honest, western magnesium hasn't instilled much faith in me as a investor. They aren't communicating and it is frustrating. But you coming here and shitting all over the boards helps no one
Comment by Executer99 on Feb 14, 2021 7:54pm
Tell me one thing ( in my last post ) that is not true. 
Comment by BoardAddict on Feb 14, 2021 8:16pm
A reverse split to go on the Nasdaq would be an example as a positive roll back.  Going on the Nasdaq would bring in a lot more interest from investors this making closing a private placement a lot easier.   It would be best not to have to do a roll back, but at the end of the day as long as the company is moving forward all is good.
Comment by stockprobe19 on Feb 14, 2021 9:06pm
I have been involved with 4 companies that did reverse splits, they all ended badly. Reverse splits are done by companies that are desperate. If you go on the Nasdaq you need a health number of shares and WMG nearly has enough. There are a few trolls on here that alway bring up reverse splits and other nonsense. I'm glad we have management that know better. 
Comment by Executer99 on Feb 14, 2021 10:58pm
When you get up to 340 million shares plus PP (can't close) Pending ...you have to think about reverse splits How else are they going to get onto the NASDAQ? Fyi...Mr. probe. The more you call me a troll the more I will be here...congrats.  Broke, approaching 400 million shares and a burn that's more active than Taylor Swift's tinder account.  God bless Rollbacks 
Comment by KonnectTheDots on Feb 14, 2021 11:23pm
Agree, reverse splits never seem to work out well for shareholders, management has also stated more than once that they wouldn't do this to their loyal, longtime shareholders. We will see if they keep their promise. The question is, why, as they say, with such 'disruptive', 'never been done before', 'revolutionary technology' that will create a 'cornerstone ...more  
Comment by stockprobe19 on Feb 15, 2021 1:15am
Pretty accurate with your assessment but you forgot to add that there is a huge movement by the patriots to rid America of Biden and the traitor Democrats led by President Trump. With an ex Trump military man on the WMG payroll things could get extremely interesting in the WMG American side of the company. And with Trump back in command China Magnesium isn't coming here as much anymore. Let ...more  
Comment by KonnectTheDots on Feb 16, 2021 12:19pm
Agree SP, this is going to be an interesting year !
Comment by KonnectTheDots on Feb 15, 2021 1:14am
Longshots, A bit confused when you say to Exec99: to be honest, western magnesium hasn't instilled much faith in me as a investor. They aren't communicating and it is frustrating. and then say: But you coming here and shixxing all over the boards helps no one. To his point, Tell me one thing ( in my last post ) that is not true. What do you not agree with? Dispute his assertions ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities