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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 Mar 16, 2023 7:05pm
331 Views
Post# 35343863

What went wrong

What went wrong We are left to wonder of course, but my guess is they were expecting a much bigger positive reaction to the announcement of producing high quality metal from the commercial pilot plant.  Imagine building the plant finally, running the process, and eureka! it works and the market yawns at you.  It goes without saying that I am giving them full credit for truthfulness in their press releases so please reach your own conclusions on that score.  That part aside, they never have announced a cost per pound to produce and so we are left to wonder if maybe that is not so flattering and maybe they have spent months trying to lower their cost of production.  Again just speculating here.  But either one of these two constitute a body punch to the prospects of the company and after that things began to unravel as raising money was much more difficult to the point of trouble paying bills perhaps, having to move as a result perhaps, and we find ourselves in the pickle we are in now... Mumbling something about building a research and development facility, rebuilding the pilot plant in nevada, no longer talking about building a mega plant, even bringing up Tami Mosi in the conversation.... All to try to restore some level of hope in investors.  All just my idol speculation, I don't know what's going on behind the scenes, but not even commenting about a halt as ktd referenced, the silence speaks volumes.  (At least we haven't heard anymore about uplisting to the NASDAQ, so maybe there is a god).  They literally are themselves painting a picture of doom and gloom in our heads... We are not doing this, THEY are doing it and have only themselves to blame...
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