RE:RE:RE:Can we hit the 30’s today? And looking back Aucon (as hindsight is 20/20) how does this look for dirty dealing?
June 1 2021 stock price .165 NR : NEW YORK, NY – TheNewswire – June 2, 2021 – Western Magnesium Corporation (TSXV:WMG ) ; ( Frankfurt-3WM ) ; ( OTC:MLYF) (“Western Magnesium” or the “Company”) Western Magnesium Corporation, is excited to announce, in conjunction with developments at the commercialized pilot plant, the development, buildout, and completion of our magnesium reactor.
This is a significant, and much anticipated milestone for the Company, and has accelerated our internal timeline for the production of magnesium metal. As we have previously focused on metal production by the end of 2021, Western Magnesium is happy to report that management has revised its timeline for metal production for the purposes of testing, certification, and distribution to the next 90 days June 2 2021 stock price .205
June 8 2021 stock price .245
Aug 18 2021 stock price .78
Oct 25 2021 stock price .87 And now put this together with JrMag's post, JrMagnesium — 01/16/2022
I don't care about me. I want things transparent both good and bad. When you research Alpha you find dozens if not 100 articles on their criminal behavior including sanctions by SEC on these guys. Claude, do you realize that the entire June 2nd press about metal in 60-90 days was a lie and to calm the nerves of the 10yr shareholders after you tore him a new asz on that zoom call. He was pandering to you and long holds to get the fire off his back. Clearly they were not 60-90 days from metal or we would have it now.
And JrMag is the guru for everything WMG (an insider?)
Don't know if he is but he has known alot about things happening in the company that no one else knew about.
So the stock price went balistic after the 2 June 2021 NR which, according to JrMag was a lie intentionally released for reasons he mentions above.
We know now looking back that there was nothing else to account for the skyrocketing sp.
So if JrMag is correct, isn't the company manipulating the stock price with knowingly false information an offence?
This sounds pretty blatent:
Western Magnesium Corporation, is excited to announce, in conjunction with developments at the commercialized pilot plant, the development, buildout, and completion of our magnesium reactor. This is a significant, and much anticipated milestone for the Company, and has accelerated our internal timeline for the production of magnesium metal. As we have previously focused on metal production by the end of 2021. Western Magnesium is happy to report that management has revised its timeline for metal production for the purposes of testing, certification, and distribution to the next 90 days Doesn't the company have some explaining to do?
'Excited to announce', 'Significant milestone', 'accelerated timeline', 'revised timeline', 'metal production revised to 90 days'.
Not something that can be attributed to a 'mistake' , not the way its worded.
The obvious reaction to news like this would be to see the sp rise as a result (after 10 years of non information news releases)
And viola.
What has everyone been waiting for for a decade?
News of metal production indicating that this will go to production.
No doubt as to what the NR clearly indicated and its obvious intended outcome regarding sp.
There is no doubt that this caused the unjustified spike in sp, and since it didn't happen the inevitable decline would be expected and has happened.
And down she goes.
Did they lie?
Well they didn't meet their excitedly announced significant milestone of metal production in the accelerated timeline, so what is the consensus here?
If they lied, for whatever reason, the SEC , IIROC and the shareholders need to have this investigated.
Given the painful protracted progress (if there is any, remember, it's a secret) surely this warrants some further investigation by the regulators.
Hey, where is all the outrage from those that got sucked in at the high?
Is blind faith and ignorance enough to give you hope?
Look at the chart, remember, 'charts don't lie' :-)
Where are all the pumpers that used to defend this enterprise?
Doesn't smell to good.