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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

Comment by Sherry35on Mar 04, 2023 2:27pm
145 Views
Post# 35319386

RE:Literally nothing

RE:Literally nothing Is this best you can do in critiquing the stock??  You're just regurgitating same olde historical posts. 1 minute cut and paste. Let's get back to unpaid vendors and suppliers of products and services.

Take a long hard look at the liabilities and expesnes declared in the last filed (interim) financial report July 31, 2022 available in Sedar:

User image

Here are the expenses:

User image


Now add another 25% to the liabilities for close of business Feb 28, 2023 for nice SWAG. Do you think the money from last PP will cover the first 6 months commerical space lease expensealong withy the salaries on top of that? How much money has the executive team made over the past 5 years? Is the money in a Bahamas account? If yes, perhaps CRA should be notoified considering they have been chasing these tax dogers for the past few years.

If you are going to critique a company that hasn't delivered anything other than SEDAR filings for the last 5 years, go look at their filings and mounting losses. You just have to hammer them with their own data and ISO engineering processes (3rd party report, NI43-101 report).  If I was the unpaid vendors and suppliers, I would request the BC courts put the IP and pilot plant equipment into escrow before everything is forklifted to the USA. This is why I mentioned CCAA as a means to escape payment. And with the former CFO back on the payroll, and accountants/lawyers involved, CCAA maybe a forgone conclusion.

stockprobe - If it walks like a duck, and it quacks like a duck ... it must be Reggie duck? Remember all those nice ghost companies like SMR and JGR? I can keep this up all  day every day. Career governing rule #2 - "Study human behaviour, and note those traits you should practice in your career". Thank you for the lessons.





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