Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 > Stock options
View:
Post by stockprobe19 on Aug 31, 2021 4:50pm

Stock options

For the management and staff to exercise the 21.7 million shares options they will have to come up with over 15 million dollars that goes directly into WMG's account. I like that kind of dilution. One thing a lot of posters here seem to forget is that WMG is a technology company and mining is the secondary industry for them. The revenues coming from the technology can easily exceed any production figures you are writing on napkins. Tesla is also a technology company and look at the value of it. The car production part of the company is LOSING MONEY. Wake up to the facts and realize the potential here.
Comment by PapaJay10000000 on Aug 31, 2021 5:05pm
Ex can you check his math? I thought this guy was a teacher.  Why would anyone spend $15M for $13.237M in share value?  Ok fair enough WMG is a tech company but I still don't see what their plan is for actually making money. Musk said from day 1 that tesla was meant to be a giant F-U to GM for burning their EV program. Musk planned on revolutionizing the auto industry and ...more  
Comment by stockprobe19 on Aug 31, 2021 6:16pm
PapaJay I'm disappointed in you. It's really simple math. You have 21.7 million share options available to be redeemed at 70 cents. 21.7 x .7 = 15.19 million dollars. You don't need E99 to think for you bud!.  Tesla revolutionized the new vehicle industry but WMG is revolutionizing the whole magnesium industry and is exclusive. Much bigger that Tesla. Well now every car ...more  
Comment by PapaJay10000000 on Aug 31, 2021 7:00pm
markets at 61 cents slugger. not 70... Hence $13.237M.. asking ex to check your math on only $21.7M share options I thought it was closer to 80M warrants/stock options... no its not. they have no patents so if they sell a reactor its duplicatable and WMG becomes obsolete. If china sees a reactor its duplicatable and like you said probey, "mining is the secondary industry for them ...more  
Comment by stockprobe19 on Aug 31, 2021 8:44pm
PapaJay one more time for the slow ones in the class. They issued 21.7 million stock options, nothing to do with the warrants, at an exercise price of 70 cents. That means that they have to PAY 70 CENTS for the options, not 61 cents, 70 cents and they have up to 5 years to exercise those options at 70 cents. Clearly you shouldn't be doing any math, anywhere, not on napkins, notepads or even on ...more  
Comment by PapaJay10000000 on Sep 01, 2021 11:36am
You're as skilled as Trump is at disinfomation there probey  like I asked before why would someone spend 15M for 13M in (already overpriced) value? And yes the question was about how much cheap paper is on the market not how many overpriced options are out there at the highest price acting as smoke and mirrors for the people who aren't looking at the numbers. "YOU ARE FAKE NEWS ...more  
Comment by Executer99 on Aug 31, 2021 8:43pm
Probe,  I hope you are enjoying the final days off before you have to work for a living  Would you like to (or dare to) comment on their last quarters 354,000k vacation pay or the 900,000k salaries for 11 people!! This is absurd. Keep diverting Trudeau 
Comment by stockprobe19 on Aug 31, 2021 8:47pm
Trudeau is a pedophile so don't talk about your friends here. 
Comment by Executer99 on Aug 31, 2021 9:40pm
And you tell me lawsuits are coming for us bashing management. Lol Hyprocite teacher