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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 magnesium. Its magnesium is used for technological advancement opportunities for American industries including auto, airline, aerospace, and protecting national security interests with the department of defense.


TSXV:WMG.H - Post by User

Comment by stockprobe19on Jun 08, 2022 7:37pm
143 Views
Post# 34742058

RE:RE:RE:RE:Priced In

RE:RE:RE:RE:Priced InKTD when the stock hit the 90's Discord had 400 members, they were all hyping up the stock, they were buying and telling their friends and the stock made big gains. People that follow companies that make big gains got in as well it was a bit of a frenzy then. Now all we have is a pack of bashers posting non stop from days before the news release. Big differance in the mood of shareholders now. Back then I knew people that were buying, now no one I know is buying now. Someone posted sellers don't determine to price buyers do. Clearly he is clueless. Markets are determined by buyers and sellers. If there are more buyers than sellers the price goes up. If on the other hand there are more sellers than buyers the price drops. At the end of the day the amount of buyers equals the amount of sellers but the direction of the price is different because of what someone is willing to pay. If no one is buying sellers have to drop their price to match a buyers willingness to pay. This proves the point of customers is always right. Customers were excited to buy in at the last few rallies but not this time. The hype didn't come from the company they were silent just like now but the hype was high because of the people. Look at the Tulip mania Holland, people went crazy to buy worthless Tulips. The price rose because buyers would pay anything for a Tulip. Then the opposite happened and sellers took over and the price dropped because no one wanted them anymore. That's why you need marketing plan to hype up the buyers to buy. News by itself will be far more effective with a marketing plan. The fox news story probably would of been far more effective if it was done a few days before the news release. 
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