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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

Western Magnesium Corp > Literally nothing
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Post by AucontraireII on Mar 04, 2023 1:22pm

Literally nothing

here is making any sense.  You have a first tranche of a private placement being filled to the tune of a few hundred thousand dollars ...which considering the number of consultants, engineers, techs, and high level executives with all of their associated salaries, really isn't much.  Then you have no mention on status of an Ohio "mega" plant, so it's just like it never happened.  In fact, please forget we mentioned it. Then you have a commercial pilot plant which was a ray of hope to be able to produce something, being torn down for the sake of moving it to Nevada, ostensibly to save income taxes and prevent corrosion of the magnesium ingots which won't be produced anymore for a long time.  (Wouldn't it be cheaper to just simply build a small dehumidified storage container or house, but I digress because WDIK).  Add to that hiring consultants to find buyers when they have been saying that the phone is ringing off the hook from people showing interest.  Nothing makes sense to me anyway, literally nothing.  So unless this AGM is a blockbuster of clarification where we all go "oh why you sneaky but glorious so-and-so's, good on you!   You pulled it off!  We're so happy and proud of you we never thought of that pathway. Wow!  Congratulations to us all!  Unless they start giving us information at that level which makes us all quite relieved, this is more and more looking like a ....well, you fill in the blank.
Comment by Sherry35 on Mar 04, 2023 2:27pm
Is this best you can do in critiquing the stock??  You're just regurgitating same olde historical posts. 1 minute cut and paste. Let's get back to unpaid vendors and suppliers of products and services. Take a long hard look at the liabilities and expesnes declared in the last filed (interim) financial report July 31, 2022 available in Sedar: Here are the expenses: Now add ...more  
Comment by Sherry35 on Mar 04, 2023 2:50pm
I'm not invested in WMG. This is a public forum and I'm exercising my Canada Charter right to "freedom of expression". If you do not like my posts then apply the filter option. Easy peasy.
Comment by stockprobe19 on Mar 04, 2023 3:24pm
I worked on this piece of artwork many years ago which took 3 and a half years of time and all of my skills to make it. It was beautiful work of art and craftmanship. I then had it on public display for a period of 11 months. It wasn't for sale but rather a chance to display the work  for others to enjoy before it went to it's final destination. Then one day someone driving by came ...more  
Comment by Sherry35 on Mar 04, 2023 3:00pm
I wonder if the IP and equipment in escrow trumps CCAA? If yes, I would expedite a court apperance. With 5 plantiffs on one court injunction, this would carry considerable weight. I haven't seen any insider filings lately. I guess the BOD and executives don't want to reinvest their salaries into WMG. Just an observation. I can keep this up all  day every day. Even the absence of ...more  
Comment by AucontraireII on Mar 04, 2023 5:33pm
Sure sherry, I am open to all that you supplied there from sedar.  No problem whatsoever with any of it and yeah it does not look too good does it!?  I would say that if production on a sufficient scale were soon to be forthcoming, and profit per pound were adequate, that none of that would be an issue since creditors would be happier to lend and wait for their payoff.  So we have ...more  
Comment by stockprobe19 on Mar 05, 2023 12:15pm
" However you want to characterize my old used up line of questioning is fine with me, but without answers to relevant questions we can't move on in any meaningful way" Maybe YOU can't move on in a meaningful way but WMG sure is. YOU speak only for the few bashers that exist on this site with your very,very limited knowledge. 
Comment by AucontraireII on Mar 05, 2023 1:45pm
SP, your comment is without substance, ad hominem (big word for you), and thus dismissed without consideration.
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