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Bullboard - Stock Discussion Forum 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... see more

TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Financials
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Post by StockJockie on Dec 21, 2020 1:48am

Financials

We are due up for year end financials. Western Mag year end is Oct 31st and it would be nice to see where they sit going into 2021 with metal on the edge of being produced. I'm a little concerned about the lack of income and the continued dilution of shareholders. It clearly states in their last report that all income is from private placements and warrants. We have another $750k worth of warrants expiring Jan 21st. at their 1 yr term. We saw the press last year about $210mil but to date it doesn't appear they have used any. Maybe the terms are less than favorable and what we need is another major financial play soon that will fund the next phase of growth. No more of these $5-7mil private placements which are just paying salaries and limping the company along. We need a game changing event that allows us to build the full scale plant on the site they picked.
Comment by MNF1098 on Dec 21, 2020 9:23pm
U think? Seriously. I appreciate your optimism but now it appears you might be wavering..just a touch.  I'm amazed how now you admit that only income has come from us. Obviously this is pure speculation, but as of today futures for Magmesium Metal are flat/zero. Until, and only until Sam produces something resembling MM we are not going anywhere. Hopefully your optimism continues. I& ...more  
Comment by StockJockie on Dec 22, 2020 2:04pm
Merry Christmas MNF. On that note, have you bought shares as a Christmas Gift. I have bought shares for my kids, parents, and even grandkids. A couple hundred dollars now could net your family thousands in a couple years. I've noticed the short position on Western Mag has decreased and fewer current investors are selling. I remember someone saying to spread the word and support the press. By ...more  
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