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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 Jul 15, 2022 11:02am
83 Views
Post# 34827006

RE:Clearly something wrong here

RE:Clearly something wrong hereYou forgot to mention the obvious. Wmg is doing everthing right just taking longer than planned but they have NO control over the stock price. I have been telling people I know to get in while it's this low. A friend of mine talked to his broker to buy WMG but was told their market cap was to low and they won't buy stock that is PRICED BELOW A DOLLAR. Brokerage firms aren't buying. So why short a penny stock and keep it range bound? Ask yourself who would want to do that. How could they do that? As I have been saying all along the way the charts are being painted to show a constant flow of red candle sticks. That was done by buying up the stock in early morning trading and then taking the stock price down for the close. How many days have we seen that happen where either the stock ends the day even or down half a cent. Every time there was news good or bad heavy selling to end the day even or down. Then as a few here have noticed the bashers start to bash heavily days or weeks before news comes making people believe the bashers are making the stock rise when in fact the bashers were mitigating potental gains. The short sellers did the rest. You can say it's not happening and I'm just imaginating it all, so be it but in the mean time we sit with a stock that has a big thumb on it by forces that don't want WMG to succeed. How do we escape this trend. Truth is the shorters NEED shares to buy so the only shares available are from the millions of shares shareholders have. How do you get those shareholders to sell when WMG makes amazing progress ? Paint a crappy stock chart, short sell all news, bash tthe stock relentlessly fabricating falsehoods to make management look bad. Cause division with the shareholders and finally make shareholders give up and sell their  much wanted shares to waiting buyers at well below market prices. This isn't new I have seen it many times before with other stocks.  
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