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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 > It gets worse. Financials out on SEDAR
View:
Post by Executer99 on Apr 02, 2021 9:44pm

It gets worse. Financials out on SEDAR

they have 80k in cash with large debt

Terrible quarter. 2.8 million dollar loss in 3 months !!!!!!

Only 105k of equipment purchased. These guys are Joke and our burning your money bad.

This will be at 9-10 cents next week. 

They have some.more more money coming in this week 1.5 million but this cannot stop this outrageous unacceptable BURN.  B.S. guys. 2.8 per quarter. Holy cow
Comment by AucontraireII on Apr 03, 2021 2:58pm
What else can we conclude except something has got to be up and it doesn't sound good. We are now two full quarters past what they had said last year might have been first pilot production of magnesium...4Q '20. Ok so Covid happened and now, well into this year, I still don't know a hard first production date or even how far along the pilot plant is in any meaningful way ... not to ...more  
Comment by Executer99 on Apr 03, 2021 4:03pm
Major dilution...approaching 400 million shares. N No cash. Pumpers gone and MR. probe is in hibernation  Name one positive ? They have revolutionary technology but nobody knows what it is 
Comment by stockprobe19 on Apr 07, 2021 7:04pm
You must be E99's personal cheerleader! He speaks and you jump up and down cheering him on. I don't know about you but if they aren't producing and are still building up the company their expenses WILL GO HIGHER, DUH!!! So every time a report comes out the same comments are said by the same people. 9 - 10 cents next week, same comment by that other poster, the one that comes out of the ...more  
Comment by Executer99 on Apr 08, 2021 5:12pm
Mr.Probe the financials are awful. The burn is outrageous as they have told us nothing. What are they spending their money on? Everybody is on the take, management, consultants and 2 Ir guys.  It's a joke and you know it. "Big Sam" or whatever you call him is in the take. They have given shareholders nothing to be excited about and a 4 year old wrote their news ...more  
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