RE:From Form 10 Read all the material of the Form 10 do you understand what they read? You take things out of context. What they are referring to about permits is what has been put in by lawyers but if you read further you find out that we have conditional permits.
“Regulation of Magnesium Production and Mining, Environmental Compliance
Our pilot magnesium production facility that we are currently developing in Metropolitan Vancouver, British Columbia, Canada, will require local governmental approval before pilot operations can commence. We have applied for a business license, building permit, and all sub trade permits, which all have been tentatively approved. We expect final approval of the facility in the third calendar quarter of 2021. Once operational, we will be subject to compliance with various types of government laws and regulations which often provide discretion to government authorities and could be interpreted, applied, or modified in ways to make our operations or compliance activities more costly. These laws and regulations include those relating to health and safety (WorkSafe BC, ASME, OSHA) (including those promulgated in response to the ongoing COVID-19 pandemic), competition, data privacy and security and environmental compliance. For a discussion of the risks associated with certain applicable laws and regulations, see Part I Item 1A of this Form 10.
We would not be allowed to be building in there if we didn’t. That specific line in the risk statement relates to the fact that a government can take away anything at any given time. It doesn’t mean they are going to but it’s a fact in any operation.
RE:Western update August 2021
-NO PATENTS OR PATENTS PENDIND IN THE USA OR CANADA
Company has stated from the beginning not going to patent tech for very specific reasons of protection
-31 million in debt
There is no public company that is not in debt unless it is generation revenue, sold an asset, etc. never mind one that is morphing from research and development to commercial stage
-They have no plans to mine any resourses from their mine assets?
Why would they put $ towards their property when they are needed in proving their technology is commercially viable. It’s an asset and I wonder what it will be worth when they prove their process and tech out.
-They may not be able to get permits for their pilot plant which I assume means they don't have it.
If you truly are doing your due diligence than don’t just take out what suits your purpose read the whole thing and if you can’t comprehend what you are reading stay quiet. The answer is above .
-No dividends planned
Really, how can you plan on dividends when 1st you are trying to prove you are commercially viable, 2nd you have to be generation revenue for a dividend to come to thought
These are FACTS that were filed in their form 10 to the SEC to trade in the stock market (Their business plan)
That’s right the facts are there for those who can read everything and comprehend what they are reading.
Don't believe people on BB/forums, due some DD and READ THEIR FORM 10
Which is why I don’t believe you