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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 Feb 08, 2023 2:03pm
494 Views
Post# 35275027

Sounds nice...but

Sounds nice...butSo at least they tell us the pilot plant will be used to produce saleable metal at some point in the future.  We sort of already knew that but it confirms that there doesn't appear to be any big surprises during their optimization phase..  That's good.  But of course they don't say when continuous production will commence which leads me to believe it's still much further away than they want to admit.  I mean if they have it nailed down why not announce that continuous processing will commence in a week or two weeks or a month or something like that? Obviously they don't know. So what do they say?  "The Commercial Pilot Plant will be ready to enter a continuous phase setting the stage for continuous metal production."

Ready to enter a continuous phase setting the stage for?   Setting the stage for.... You mean the stage hasn't even been set yet? What the heck is a "stage" in this context?  WTF?  The plant itself is going through a phase?  It's not even good English.  Honestly I don't know what it means and when you read something like this it is worded purposely to leave you with nothing tangible.  Kids out there listening, pay attention here. There is a real skill to talking a lot and saying nothing. If you can master it you will go far.  The true believers will invent whatever they want out of it but if you were looking for a concrete answer as to a when, and how much type of press release, this wasn't it.   And I would add the stock price reflects the continued uncertainty. The market just can't stop yawning.  More dilution coming and all to garner another hundred grand
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