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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 AucontraireIIon Aug 08, 2022 6:17pm
144 Views
Post# 34880129

It does look bleak

It does look bleak
It does look rather bleak these days compared to 9 months ago when we didn't even have a process, doesn't it? I am not willing to accuse anybody of anything if only for the simple fact that I don't know what's going on behind the scenes in any way shape or form. However from the outside looking in it does appear to me that they felt the need to become rather top heavy before they really had anything for sure. I never could see the need for that, but what do I know. I am reminded of another somewhat breakthrough invention of the past and that is the Gutenberg printing press. I think people will admit that that was a rather revolutionary invention as well. But I remember an old boss giving a talk one time and he had researched into it and said that Gutenberg went bankrupt after inventing the press. The idea being that just because someone invents something big, it doesn't mean that they themselves make the money off of it, and by extension, us. This technology may or may not be everything they claim and even if it is, it may be eventually performed by somebody else who manages the pocketbook better. We will see, but it does look not too good judging by the stock price which, while wrong sometimes, usually is foretelling of the future health of a company. Let's hope I'm wrong. Maybe they will pull a rabbit out of a hat and announce some concrete commitments to buy product going forward which will serve as a catalyst. But what we need is a catalyst or ten, so does anybody have any idea on what that might be?
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