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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 KonnectTheDotson Mar 07, 2023 1:36pm
87 Views
Post# 35324075

RE:RE:RE:RE:RE:RE:RE:Truth?

RE:RE:RE:RE:RE:RE:RE:Truth?Stockprobe, be realistic, on average there are 50 or so 'reads' of these posts per day, most of which are regulars so very little impact of the sp by what is said here.
No one that reads these day to day is going to buy or sell on what is obvious mal intent or pumps.
Nor would that few move the sp in a noticable way if they did (how many shares are out?)

No one that has shares in this company sabotages their own investment, unless they have issues or they are being paid to do so.

The positive or negative posts have no appreciable effect on the sp, if they did you would see it, your theory of sabotaging the sp isn't valid.
The sp hovers aroung the same level save for a penny or two up or down so if that is the best or worse posting can do it's not an issue.
Agreed the posts that were obviously made by people that have an agenda or beef are trying to have an effect but there have been no big sp swings that would indicate that.
Most likely effect would be on new buyers but again most readers are regulars so again no effect.

The reason the sp is where it is at is simple, people are not convinced that this is ready in terms of revenues and profits, that is what investors look for.
No more complicated than that.

The lack of news from the company, lack of even approximate timelines or goals, moving goalposts causing doubt and confusion all have much more effect on the sp than obvious bashing by a few determined posters.

Agree some posters try to effect the sp but people see through that (if they don't they shouldn't be buying stocks especially venture stocks)

Have any of the statements even made by the company had an effect? (ie. ''better than expected results'', ''99.8% purity'', ''Thrilled and excited to announce'' )
Even the announcement of purchase orders did nothing to raise the sp, what does that say?
That should be huge, if believed.

Did the NR's in the last week or two move the sp in a big way?
Nope, big yawner.
Cancelling the AGM's and the long news drought did more to keep buyers aways than any posts here.

Why, because you can only go to the well so many times.
10 years of waiting has a dampening effect on credibility.
Don't expect to see any big increase in SP until revenue generation or some believeable indication that it is actually happening.

As Bigrig said, this is a R&D company, big risk, big posible return.
Blaming the sp for being .10 to .12 on bashing is not realistic.
The sp is where the market thinks it should be not on opinions posted here.
More expenses ahead based on what was released, no revenue in sight for a while at best.

Hopefully the information given at the AGM will help but normally that would already be factored in and the big news was out last week so I think we are probably in for a long wait.
For many of us here that is nothing new hence the frustration at the lack of transparency and stagnation of the sp.

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