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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

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Post by AucontraireII on May 20, 2022 10:31am

Not good

The market usually prices in known information. So when the last zoom call which stated clearly that metal is in the way, and soon, yet the stock price did nothing, this says to me success is more or less assumed already. Priced in. So I am not expecting anything like a sharp move upward....it would have already happened. Maybe a little bit when the announcement is made....but not much. So for now this is the value until something new and material happens. On the other hand, if the news is bad or there are glitches...uh oh....back down. I have only lost money betting on sure things.... never made any. JMHO and from my own limited personal experience.....FWIW.
Comment by stockprobe19 on May 20, 2022 11:40am
Yes very limited I might add. Priced in?? Industrial breakthrough in green technology which WILL be proven and metal will be produced in or around the end of the month. The stock price isn't an indicator of anything at this point. If and I say IF you have been in this for awhile you would be in a 6 times your original investment at least. What part of losing money is that. It has been nothing ...more  
Comment by goldenrob on May 20, 2022 11:51am
I see this in a slightly different light, Aucon.  WMC has been working on perfecting this process for about ten years.  They have been saying MG production was imminent for almost a year.  They have had repeated PRs and interviews saying production is going to happen at the end of THIS month, May.    If they can show magnesium aggregate or even a short video of Mg being ...more  
Comment by AucontraireII on May 20, 2022 12:40pm
Ok gr, I can certainly accept that outcome as well. I certainly hope I am wrong, and the good news is I usually am. We will see!!
Comment by Bingbong87 on May 20, 2022 4:24pm
Let's not forget about the 3rd party valuation...this will certainly have an effect on SP. This is known information that can't possibly be priced in seeing as nobody knows what the valuation will be. 
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