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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

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Post by Executer99 on Dec 31, 2020 11:18am

Beware

Currently at 330 million shares with an open PP they cant fill. 

Burn rate of 4 million per year

Salaries alone are 1/2 million per quarter 

This is a disaster 

Going to zero or an aggressive rollback 

Junk
Comment by Bingbong87 on Dec 31, 2020 11:43am
Unlikely. If it was going to tank it would have done it by now. .11 seems to be the floor. Everyone holding stock at this point isn't selling, and is waiting until the pilot plant produces metal or doesn't. If the plant fails to produce any metal, then yes, it will tank. But realistically, at some point, there will be some production of magnesium metal.  As for the PP not being ...more  
Comment by stockprobe19 on Dec 31, 2020 1:01pm
How many shares of the PP filled out of the total? 
Comment by Thebigbully7777 on Dec 31, 2020 2:05pm
This post has been removed in accordance with Community Policy
Comment by stockprobe19 on Dec 31, 2020 2:31pm
Maybe you should get your information correct before you spew your dribble. I have seen your negative posts on many occasions and it seems you are the one that is trying to drive down the price to cover your short position. I am a long term share holder and haven't sold a single share ever. I believe in this company and the information I just posted is facts. WMG has a great team of ...more  
Comment by Thebigbully7777 on Dec 31, 2020 4:11pm
This post has been removed in accordance with Community Policy
Comment by stockprobe19 on Jan 01, 2021 2:42pm
Again you spew information you know nothing about. I am a long term holder. Shares bought at well below current values. I could of sold at 30+ cents and made a fortune but didn't because I know the value is well above those levels.  To call you a Clown is an insult to clowns for they have talent, deceptor is a better fit for you. 
Comment by Longshots777777 on Jan 01, 2021 12:20am
This stock has a revolutionary technology.... it all hinges on them to prove it's to the world. Now we wait, I sold 300k shares to buy bitcoin and it's worked out..... this stock has all the markers of excellence but the lead team is dragging us down. This is a revolution in magnesium production. It has everything but if management is manipulating the share price to buy in it makes sense ...more  
Comment by Executer99 on Jan 01, 2021 12:48am
Management can't even write a press release NR. revolutionary technology ...lol. You sill find better tech at your local Dr Love store of revolutionary technology...the spinning rabbit If the app with all the warrants and options close...it will be at approx 1/2 million share count...500k shares .05 by Jan end  POS
Comment by AucontraireII on Jan 01, 2021 1:35pm
Hey executer... welcome. Finally we have our first bonafide, company hating troll! It has taken forever but better late than never. We are definitely making progress and coming up in the world. But mind you, even though he doesn't like the stock and accordingly doesn't own it, he warns us of the folly of owning this company anyway ... why? He simply cares... And remember ...sharing is ...more  
Comment by stockprobe19 on Jan 01, 2021 2:50pm
When the TROLLS appear it's a sign of major advancement in the company. Expect many more. 
Comment by stockprobe19 on Jan 01, 2021 2:47pm
You sold WMG to buy BitCON!  Wow did you get sucked in!! 
Comment by stockprobe19 on Dec 31, 2020 12:59pm
Better sell the shares that you don't own loser. When you have a team of experts like WMG has you will have to pay them and they are worth every penny. 
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