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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 > They haven't produced anything yet
View:
Post by Executer99 on Feb 17, 2021 6:47pm

They haven't produced anything yet

a low-cost producer of echo-friendly and high-quality magnesium metal

They haven't produced anything yet and it can't be high quality in they haven't produced

Low cost?? Burn so high 

Can shareholders sue??
Comment by BoardAddict on Feb 17, 2021 9:38pm
This is all expected during a start up.  Risks are high, but payouts are higher.  Banks don't like any risk, therefore the company had to go else where for funding, that's where you and I come in.  If this takes 5 years to double that's still 20% a year on our investment.  Most businesses have at least 7years of tough sledding before they start making money so all ...more  
Comment by stockprobe19 on Feb 17, 2021 10:55pm
Let me guess you must be responding to a E99 post. I have "it" on ignore. As an investor I have seen a over a  triple on my original investment in WMG over 10 years. I guess that's a 30% return a year. Good post, some people have trouble realizing that time line.  
Comment by KonnectTheDots on Feb 18, 2021 12:14am
Are you guys both company directors too?  :-) Feel like I stepped in to a woke echo chamber or mutual admiration society meeting. No one is disputing that this has (may have) great potential, it has for ten years, its just there is no evidence of anything other than their/your talk. SP, have you any PROOF you can share? Anyone. Stockjockie said he knew, remember? I took a break from the ...more  
Comment by BoardAddict on Feb 18, 2021 8:42am
Risks are high, but payouts are higher.  "Again not a balanced view. More like can be higher, can also be 'good night Irene'. Not a guarentee." That is a perfectly balanced view or there wouldn't be any risk.
Comment by stockprobe19 on Feb 18, 2021 9:11am
I agree there certainly are risks, this is after all a penny stock and the wait has been long. I believe we are in that last lap and I can see the finish line, whatever that means to some. 
Comment by stockprobe19 on Feb 18, 2021 9:08am
KTD That's funny, directors! I wish I was than I could take a walk around the plant. I get your frustration, I have it as well but ranting about it does nothing except create negativity. I remand optimistic. 
Comment by AucontraireII on Feb 18, 2021 10:35am
Nice post KTD. I must admit I am getting a kick out of all of this. Especially the part where E99 is renting space in SP's head for free ...even while on ignore much less! Haha....
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