RE:RE:RE:RE:Clarification of Halt Sherry, no point in asking stockprobe as he is just a shill for the company when the answer came straight from Mr. Ed.
However you do need to specify which plant
'Does the WMG pilot plant have the necessary equipment installed and running to do continues flow of Mg ore fed in at the head?'
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Is that from the 100,000 my/yr commercial production plant that the company said in a news release of 18 October 2021 that they are building in Harrison county Ohio or is it the one in Fort St. John northern British Columbia or the one in Burnaby British Columbia or the one they say they plan to build you know the new research and development facility in Nevada?
WASHINGTON,D.C.–TheNewswire–February 8, 2023–WesternMagnesiumCorporation(WMC)(TSXV:WMG);(Frankfurt-3WM);(OTC:MLYF)(“WesternMagnesium”orthe“Company”)is pleased to announce the Commercial Pilot Plant is ready to move into the final stage of continuous metal production.
All necessary required mechanical upgrades identified during the initial optimization reactor runs have been completed, proving successful metal processing capabilities. The Commercial Pilot Plant will be ready to enter a continuous phase setting the stage for continuous metal production.
Executive Chairman, Ed Lee, states “After the successful initial run, we are confident moving into the continuous phase. This is an exciting time as we have been able to show success with initial optimization runs.”
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Even in this news release, they can't get their story straight, in the first paragraph they say it 'is' ready to go into continuous production then in the next paragraph, they say 'will be' ready to go into continuous production.
Is? will be?
No lack of clarity there.
So is it ready or will it be ready?
If so, when?
Before or after they tear it down and move it to Nevada as announced?
And really who cares since they've already said that they're building a full scale, mega plant in Ohio a year and a half ago, one would think it would be close to being ready if that was true
As for the cease trade order being a temporary setback just goes to how deluded these pumper's are.
Anybody with the slightest bit of objectivity would see the halt as the total incompetence of this company to actually accomplish anything.
As Klang has said, "so the CFO has a criminal record for tax fraud", he said "so what?"
Yeah, sure like hire Carla Homolka to babysit your kids. She's already out of prison and she's paid her dues to society, so what?
That is how far these nitwits are willing to look the other way just so that they can believe in their dream and be admired by their boys for sticking up for the company.
As announced in previous news releases, this company should have been well underway in producing their hundred thousand metric ton per year commercial production plant yet they never mention it, like always, they do the bob and weave and go onto the next grandiose scheme to stall and delay. Constantly doing this bait and switch maneuver shows how far if ever, they are from commercial production and revenue.
Building a 100,000 metric tons per year, mega plant and then all of a sudden moving to Nevada to build a new research and development facility?
That doesn't make sense, they were never serious about building a mega plant if they are still in the R&D phase.
This company is run by clowns and defended by morons.
All they can do is attack people criticizing this company by saying they're not professionals. Are there any professionals on the Board of Directors? They seem incompetent judging by the outcomes
The only professional thing about stockprobe is he is a professional shill.
Kling's MO is to threaten anyone that asks questions with legal action instead of giving some kind of evidence that these guys will ever turn a dime, that's the one thing he'll never talk about, he just blames everything on bashing
Pathetic
Remember that "maybe sooner than you think " comment he made? until what, they get halted?
Maybe it's time for him to start asking the company questions?
They are either insiders of the company as Goolie 47 was or they are paid to attack anybody that asks questions.
What have the two pumper shills said in past posts?
"you may not have to wait as long as you think' and 'soon there will be enough egg on faces to go around. Be sure you get some , not long now'
In fairness that actually happened, the board got theirs Sammy side up
No doubt he intended to indicate that it would be the doubters that would be shown wrong, they weren't,
Obviously in attempts to pump up the stock price so they could flog their soon to be useless shares.
Gotta say well done boys because the shares are officially worthless now.
Looking back, who has been correct, the buffoons pumping this company or the people asking questions and for accountability?
If this company had any evidence of anything positive happening in the near future, they would've announced it , obviously they don't.
So what's next?
Another year long or longer news blackout?
What about the announced purchase agreements and what about the licensing of the technology also announced?
No, the biggest announcement they have is that hopefully maybe sometime in the future they may be trading again
As Stockprobe said this is a research and development company, why is the stock even trading? it's all just seed stock. It's a black hole into which money is dumped.
The company has no actual value no assets just debts and lawsuits with ongoing expenses
Remember, back a year or two ago when the company said they were going to have a professional evaluation done and they would release the results for all shareholders?
They never released the results, why, because obviously there is no value, not something you want to tell shareholders
"Gee, we've got no product no sales no revenue , nothing but debts lawsuits and no timeline to have a product to sell other than paper, but let's find out what the companies worth"
Professionals would've realized this before putting their foot in their mouth
A total clown show.
The cease trade it's just a "minor setback" just like the black knight, losing two arms and both legs.
No, it's an indication of much bigger systemic problems.
No doubt, the real shareholders are thrilled.