Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 May 02, 2024 12:44am
379 Views
Post# 36018778

Sever Lawsuit

Sever LawsuitYes Aucon, seems like a long time to resolve a fairly minor and routine accounting requirement.
''Only temporary'' did I hear someone say?

Just wondering if anyone out there knows how to check if Western Mag filed for that appeal that they talked to the press about?

B.C. court awards employee $3.97M in severance pay, damages

"This is a straightforward breach of contract case," Justice Catherine Murray said.

"Unfortunately, the order of Madam Justice Murray was issued following a hearing held in the absence of Western Magnesium or its legal counsel. As a result, the court did not hear from Western Magnesium nor consider the totality of the evidence," the statement said.

"Western Magnesium intends to apply to set aside the order of Justice Murray and enable Western Magnesium to present its case. Once the full facts and evidence are presented to the court, we believe that the judgment will be overturned and trust that the court will be satisfied that Western Magnesium complied with all its legal obligations," the company stated.

Editor's note: This story was updated Oct. 19 with a statement from Western Magnesium.

Isn't it more logical to just show up for the hearing rather than skip it and hope you win on appeal which does not have to be granted?
That is up to the court and the judge sound pretty definite in her decision. 


There is no question that the plaintiff is entitled to remuneration under the contract for wages and expenses, including indemnification for legal fees pursuant to the insurance, regardless of how his employment ended,” Murray wrote.

These guys sure have strange ideas about how things work, skip the main event and go to the after party.

Looks like they have 30, 40 or 60 days to apply depending on the source.

File the notice of appeal not more than 30 days after the date the decision maker made the order you want to appeal. If you file in paper you will need at least 4 copies (two for use by the court, one copy for your own your use, and a copy to serve on each party named as a respondent on the notice of appeal).

Here is the process, doesn't look too complicated: 

chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/https://www.bccourts.ca/Court_of_Appeal/documents/ca_appeal_process_appellants_final.pdf  

Buddy of mine works for NASA and he has a process map on how to get to the moon, his is less complicated but it looks similar.
Gotta love the legal systyem.
You know their motto: ''Processus Poena'' for the odd person a little rusty on their latin, ''The process IS the punishment''
Just ask Trump.
Not at all political, they just need to put a dangerous criminal behind bars so he doesn't mislabel another NDA, over value his property (which is actually worth at least 27 times what he said to the bank) or start another ''insurection'' by telling people to peacefully and patriotically protest, you know, like the BLM riots which cause over two billion dollars in damage and killed dozens.
However, I digress.

So 18 October 2023 plus 60 days puts it on or about the last week of December 2023.
Being May 1st 2024 it's logical to assume that if they haven't done it by now, it's too late.

Can anyone will some legal skills find out if it actually happened?
There must be a way.

In the extremely unlikely event that they failed to apply for appeal and they have to pay Sever does anyone have an idea how a company that can't afford an audit will cough up 4 million?
Pretty sure an audit doesn't cost more then $3 million, 3.5 tops.

Maybe a GoFundMe ?
GiveSendGo?
Kick Starter?
More Private Placements...anyone? (give till it hurts)

I'm just spit balling here.

Once we get this train back on the track, and I have no doubt that this crack management team is more than up to the task, what do you think the share price will be?
Will we be on a CBDC (Central Bank Digital Currency) by then?
Government do like to track it's subjects.
Will we be driving flying cars by then, living on Mars, discovered the meaning of life...
Any chance of a rollback?

Good luck everyone.

Not long now!
<< Previous
Bullboard Posts
Next >>