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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

Post by Bigrig16on Jul 17, 2022 11:07pm
182 Views
Post# 34830344

Weekend Bizz

Weekend BizzAll very good points Konnect.
I might add one thing further based on Stockprobe post on the 15th regarding his view point on several houses and manipulation of the stock price and shortest.
Ultimately what will drive the price is buyers, and we have many long time shareholders, we do need more buying to come into the market.
On that note I had an interesting discussion with another shareholder this weekend which I thought was intriguing.
The short version is you make some assumptions about the number of current shareholders.
For our discussion we figured 2500 to maybe 3000
Now make an assumption that each existing shareholder bought 10000 more shares.
That makes 25 to 30 million shares of buying power.
I figure that would be more than enough to drive the price and make shorter and manipulators have cause for concern!
I think everyone is sitting back maybe content with their holdings and waiting for the big news that is going to move the stock.
Buying moves stocks, period.
Just some food for thought !!!!
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