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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 kobi73 on Aug 23, 2021 12:11pm

mlyf

Why aren't they building the new plant in Neveda where there magnesium mine is. This doesn,t add up.
Comment by Executer99 on Aug 23, 2021 12:18pm
Ahhh. You are catching on. 10 years of pulling in 900k per quarter of salaries. Plus consult and IR fees of 700k per quarter no wonder they have lawsuits. Hey Probe  Screenshot this for your lawyer (if you can afford one with your Social studies educator salary) 
Comment by RawSienna on Aug 23, 2021 12:23pm
Once again, from their Form 10 Mining Plans. We do not plan on commencing extraction of minerals from any mining claims we hold at this time. In addition, we do not consider our mining claims to be material to our business or financial condition.        
Comment by PapaJay10000000 on Aug 23, 2021 1:00pm
A lot of this doesnt add up. As far as I can tell, this was litterally what they baised their evaluation off of in 2018 and now they're saying it's not part of the plan.  It feels like all their "Big news" isn't actually getting the company any closer to producing and selling a product. What's the end goal to this if they're not going to mine MG? Why even own ...more  
Comment by RawSienna on Aug 23, 2021 1:14pm
  I think that's what a few of us are saying, lots of people jumpimg up and down giddy about lots of stuff, I don't see it. Read the Form 10 from the Securities Commision. Can't make this stuff up. You can even see Sam Ataya's contract there... If he gets fired for an "unjust cause" he wrote a nice 3 miilion dollar farewell clause into it. As for executers ...more  
Comment by AucontraireII on Aug 23, 2021 1:26pm
PJ, your comments are literally breath taking. You don't know one thing about this company do you....
Comment by PapaJay10000000 on Aug 23, 2021 2:01pm
AucontraireII, I've been investing with them sice 2012. Followed almost every press release since they were branded as NCM. Sold my position on the last climb after drinking the ex99 Kool-aid I dont know everything about NCM/NVM/WMG/MLYF but I know enough to know that there is a LOT of hype an no significant change in their business since I first began. Lots of spikes after meaningless ...more  
Comment by Executer99 on Aug 23, 2021 4:12pm
Be careful guys with opinions and questions. You might get sued by Probes lawyers.  Lol. What a joke he is