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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 Jan 03, 2024 2:01pm
190 Views
Post# 35809133

RE:RE:RE:Explanation please

RE:RE:RE:Explanation please

Right on the money Aucon. 

Split what's the burn rate for this company?

How long did that 300,000 last?
Very optimistic, really?

While you and stockprobe are gloating over your contest about which month the stock is going to begin trading again, I'm actually afraid. 

You said you are new to investing I'm wondering if you understand how it works  
Stocks are a net zero sum game meaning that for every buyer there's a seller for every seller there is a buyer. 
Stocks go down because of lack of buying and obviously the opposite is true  
Which, in your opinion, do you think is true, that there is more pent-up selling or more pent-up buying on the sidelines?
Some people have held this dog for a decade. It goes off the board for a year. If it ever comes back do you think there's gonna be a flood of people buying or selling? (other than you Stockprobe and Bigrig buying, someone is going to have to support the stock)

There are 450 million shares out, fully diluted ? god only knows. 
Market cap ?
P/E Ratio? Ha that's a good one!

So if it ever does trade again, what would be the reason people would want to buy the stock?
Being off the board for a year?
Halted for not filing financials?
No news no word nothing since the AGM?
Being promised a market evaluation from an independent company that they never follow through on (wonder why?)
The commercial pilot plant that was performing 'beyond expectation', shut down. Where is it? Why was it shut down?
If it was running so well, why didn't they just keep it going pumping out that 99.9% pure magnesium and send it to potential customers like they said they would?

For some reason you and stockprobe think the biggest accomplishment for this company is just getting it back trading?
You guys are absolutely giddy over wagering whether it will be coming back this month or next month.

Really, then what?
If it does come back, and that's a big if, chances are it will go at least two cents or less. 

Let's just for arguments sake assume it is coming back so now the focus of the discussion should be on why would anybody buy it?

If there was any progress in the last year, common sense with dictate that they would've announced it, so obviously nothing has happened or at least that is what will be assumed by investors (except for you and stockprobe who think this thing is going gangbusters)

I think it's time for one of Stockprobe's religious rants. Maybe that will help?

Oh, lord, won't you buy me a Mercedes-Benz my friends all have Porsches I must make amends.

Janice Joplin 21:5:14

 

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