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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 KonnectTheDotson Feb 07, 2023 3:22pm
133 Views
Post# 35272671

''Simply put, we eat our own cooking''

''Simply put, we eat our own cooking''So...whats on the menu? (maybe hamburger from the cash cow? mooo)

I can see why there isn't any motivation to get things done anytime soon.

From the SEC Filings page of their website.

02/06/2023 Form DEF 14A Other definitive proxy statements

Page 22

Edward Lee 2021       $420,000 

Sam Ataya 2021         $360,000

Lisa Maxwell 2021      $192,917 

Rabih Ataya 2021       $180,000 

Paul Sauv 2021        $186,812

Nice!

$1,338,812 a year just for these directors (2021 numbers)
Plus employees wages, overhead, consulting fees, PR/IR, vacation pay...
Good to know where your PP dollars are going.

''Our quality shareholders see themselves as part-owners and permanent owners of a business. They work to understand the company, its managers and their philosophy. They focus on business results, not short-term stock price''

Yes we kwalatee shareholders are focused on business results and with salaries like that it's no wonder that they aren't worried about the stock price.

Short term in geological time?
Like 10 years?
Like Pfizer they are moving at ''the speed of science''.

Nice while it lasted though.

Not long now!
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