Bullboard - Stock Discussion Forum Western Magnesium Corp V.WMG.H

Alternate Symbol(s): MLYF

Metals & Mining Industrial Metals & Minerals

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

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TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Financials are really bad. Now on sedar. Quite concerning

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Post by Executer99 on Jun 29, 2021 11:41pm

Financials are really bad. Now on sedar. Quite concerning

Only 80k left of cash

70 million warrants outstanding with a weighted average of .07 cents.

I will post full report tomorrow. This is.concerning

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Comment by Griasdeng on Jun 30, 2021 4:16am

Yes but at the beginning of that period, they had only 50k. So it's a little bit better, if i read and interpret that right. Yes the last year was much "better" if you only compare it to that number. But for me it says that they made a lot of investments back then. Of course this company have loads of depts, but without money they wouldn't do anything. They haven't ...more

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Comment by AucontraireII on Jun 30, 2021 10:51am

Gria, I am sure they mean that magnesium is stronger than steel on a pound-for-pound basis, not by volume. If it were the latter, they would be no use for steel.

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