Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

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 KonnectTheDotson Feb 02, 2023 4:26pm
210 Views
Post# 35263320

WMG Annual General Meeting 7 March 2023

WMG Annual General Meeting 7 March 2023

So at least three possible outcomes for the AGM:

First: could be canceled again like the last three and maybe for the same lame bs reason or maybe all their expensive consultants can brainstorm up a new one.
--------------------------

The July 25th, 2022August 3rd, 2022, and September 1st, 2022AGM’s were cancelled due to significant milestones that required additional time to complete which were relevant for discussions with shareholders.
----------------------------

Second: They actually hold the meeting on the proposed date but is purely perfunctory. Directors are re-elected, no new business nothing to report,  vote themselves nice a pay raise for exceptional performance, meeting adjourned, seconded, off to the bar. 

Third: actual good news (actually any news) is revealed. 

What would be nice is some real accountability, honesty, transparency, following through on their commitment to keeping shareholders informed. Zero chance of that. 

 

1 or 2 being the most likely, number 3, not so much  

If there was any good news they would have announced it immediately, if it was material it would have to have been released per regulation (not that there is any meaningful regulation of these companies as is evidenced by the fact that you can dodge AGM's because you haven't done anything)
 

Wonder if this would work?

 "we cancelled our next 12 mortgage payments due to significant milestones in obtaining the funds that required additional time to complete that were relevant for discussions with the bank''

What a total load of carp. 

Regulators!

What a joke. 

33 days to go. 

Stock is down again today.
I promise, if it hits zero, I'm out.
I mean it too.

 


 

 

<< Previous
Bullboard Posts
Next >>