RE:RE:RE:690K plus shares traded.. ..SP remains the same?? Stockprobe
I don't see a second report making much difference.
I interpret this and previous positive news as either the company has no credibility or it just isn't what the market is looking for.
look what the have claimed thus far:
This will not only be the cleanest greenest magnesium producer in the world but the cleanest metal producer in the world.
yawn
Western Magnesium will usher in a new era in manufacturing in America.
snooze fest
The Metalution is coming, it will make America an industrial powerhouse
nuttin honey
paraphrasing but I can't be bothered to go back and look up all those statements but you get the gist of it.
One would expect claims to be ignored but as we all have been saying here "once the CPP is proven this thing will take off"
"Once the prove the tech this thing will take off"
"Once they make metal this thing will take off"
"Once they get the metal tested and results are good this thing will take off"
Now it's "Once the second assay comes back this thing will take off"
Or "Once the eval/valuation comes back this thing will take off"
Normally, with a company that has credibility, each advance in the program would bring an incremental increase in the stock price as investors see a coresponding de risking and increased confidence.
Not only has there been no increase in stock price, with every news release the so has fallen yet you continue to say 'oh just wait for the next news' or 'the stock is being attacked'
Explanations, excuses, reasons why it isn't doing what one would expect for such seemingly good results just don't make sense
I'll stick to my belief that this won't do much until it can be shown that this company will get into meaningful production, revenue and hopefully profits
Being a minimum of 5 years away (how long did it take to get here?) plus the need for financing, permitting, environmental studies, etc... I can see investors have their doubts
Hope I'm wrong and you are right
GLTA