Western Magnesium Corp V.WMG.H

RE:RE:All they need to do is be honest and transparent

[Sherry35]

All great points on "trust and transparency". The 30 day extension on the financing is required to pay salaries,  accountants/lawyers, filings and the lease on the property housing the mysterious equipment. I forsee more lawsuits being launched against the company as suppliers and vendors aren't getting paid. This trade halt and financing extension are big red flags.It's buring allot of money not going into the technology.

At no time in the past 12 months has WMG provided lab reports and pictures of the continuous processing Mg production technology. If they want to demonstarte good share holder value, post the vendor POs, pictures of Mg going through receiving, 2 lab reports ... be creative. Competing companies have publicly posted information - they have set the bar.

These accounting issues and running lean remind me of Nortel Networks. NT pissed away money in the tech boom and then spent money on acccounting practices to point it starngled the company. Back to WMG. At 10 cents per share, the company can be bought out $50M CDA if the technology works. In the Nortel situation, competitors waited to scoop up the technology when Nortel went into CCAA.

Refresher on my two main go forward options:

1) CCAA - someone buys the mysterious technology for $10M, creditors receive distribution and the share holders get nothing. Take a look at PGM's undewrway CCAA, and read the court monitor filings, PRs and forum posts.
2) $10M CDA financing to support all activties in the publicly announced pilot plant commissioning in Neveda. It is wet finger calculation on the $10M CDA. The main  issue is part of the $10M investment goes to paying the mounting liabilities documented in the financial filings

Both options will verify the uniqueness of WMG's technology.

SP - With 90% of the wealth in less than 0.1% of the world's population, it's going to get allot worst as people need money with high inflation and recession on the horizon. The trucker blockade in Canada is just a foreshadowing of things to come. The pressure cooker safety valve is broken ... people are b3ecoming extremely fustrated.

My 12 month olde advise still stands - drop it in the excutives' lap. Walk your shares across the exchnage floor and lock in your CNIL.