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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 Mar 16, 2023 12:50pm
332 Views
Post# 35342827

One week and counting.

One week and counting.Would it not be wise for the company (and a show of good faith) to issue a statement explaining why the cease trade/halt/suspension order was applied, what is being done to remedy it and when they expect to be trading again rather than just staying silent?

As well as an apology to shareholders who are frozen out of access to their investment funds which may be needed for whatever reason.
Also to the damage to the reputation of the company that they have caused which affects every shareholder in real terms as deminished confidence in the company has a negative impact on its value.

A few words from the directors would go a long way to reassuring shareholders and possible potential investors that they actually are concerned about how people percieve the management.

Staying silent and acting like it's no big deal is making the company look even less competent and uncaring.

Just like you teach your kids if they do something wrong, admit it, don't try to hide or ignore it.
You don't compound the mistake by hoping it will just go away.

Sweeping things under the rug and acting like nothing happened isn't helping anything.
It's been a week and not a peep, if they had any intention of an explanation or apology it would have happened by now.

Obviously they are not going to do it on their own, maybe if prompted?
Or does every shareholder and potential investor have to call the company?

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