Western Magnesium Corp V.WMG.H

Net loss last year $23,549,612, total debt $52,129,621

[RawSienna]

We incurred net losses of $23,549,612 and $4,672,605 and net cash used in operating activities of $6,367,567 and $3,270,534 for the fiscal years ended October 31, 2021 and 2020, respectively. As of October 31, 2021, we had an aggregate accumulated deficit of $52,129,621. Such losses have historically required us to seek additional funding through the issuance of debt or equity securities. In addition, we have historically experienced and may prospectively experience fluctuations in our quarterly earnings due to the nature of our business. Our long-term success is dependent upon among other things, completion of an operational magnesium production facility and generating revenue from sales of magnesium to reduce our cash needs, and there is no assurance that we will be able to achieve sales of magnesium.
Still years away from production so add up the bills and the amount of stock that will be out there if they ever reach their goal.

[KonnectTheDots]

So that won't have any impact on the uplisting to NASDAQ, right?

[stockprobe19]

KTD let me ask you a question. Your post headline reads net loss last year 23.5 million and total debt 52 million. Am I correct in believing that you think the company has 52 million in loans?? 

[KonnectTheDots]

Wasn't my post. While you're here, why did they wait until way beyond the filing deadline to finally file?

[stockprobe19]

I know it wasn't but you commented on it as if it was fact. I just ask was the 52 million a loan? First they DIDN'T go beyond the filing date because that is today. I owned a business for 40 years and I know it takes time to file because all of the data has to be processed involving every part of the company. So it will take that much time

[Executer99]

Can't compare your biz - a summer painting business or lemonade stand to this mockery  "It takes time to submit your financials" All these companies trading are not late.  very fishy....almost as fishy as doing a 29 million share placement to a European company (Alpha) that specializes in cash strapped micro cap companies...and not doing a news release on it 

[RawSienna]

We will need additional capital in the approximate amount of $8,000,000 to complete the buildout of our planned research and development pilot magnesium production plant and ultimately a full-scale production facility as well as sustain our operations and will need to seek further financing. If we fail to raise additional capital, as needed, our ability to implement these plans will be compromised

[Sherry35]

Are the bathrooms completed at the pilot plant facility? Can we pictures? Show some progress to the investors.

[KonnectTheDots]

It's reasuring to hear comments like this: Company is alive and well. SP looks pretty stable. Like I said bottom is in.  Whew, for a minute there I was worried.  Facts don't tell the story, ignore them, feelings are what is important. 'Like I said', he must know. And the 'sp' of a R&D project with no revenue, no projected revenue for..... is based on what?

[KonnectTheDots]

Wonder why they waited until the last possible day to file the financials?

[RawSienna]

Our Chief Financial Officer will allocate her time to other businesses thereby causing conflicts of interest in her determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to maintain an effective system of internal control over financial reporting and we may not be able to accurately report our financial results on a timely

[Bingbong87]

Or! And the much more likely reason for adding this section, is they simply don't have enough financial transactions happening to justify a CFO full time at the moment. The desperation of the bashers is so thick these days. I love it

[KonnectTheDots]

Hey there Bingbong, good to hear from you. Bashers, smashers, trashers, whatever... You rhetoric is also getting tiresome. Maybe you can answer questions the head 'pumper' here can't. Any idea how ol Sammy proposes to list on NASDAQ when they have never posted a profit (or any kind revenue?)  Google NASDAQ listing requirements. Skip the 'bashers' , 'I love it'

[Bingbong87]

KTD, I believe this is the route. If they're able to get the stock price up to a reasonable level, hopefully $2.00, they may only have to do a reverse split of 2:1 or 3:1 which could is doable if we get the PR we're all waiting for.   that should take care of the requirement for listing price. As for your revenue inquiry refer to standard No 4 below Standard No. 4: 

[AucontraireII]

BB87, I love your answer about, "if they can just get the price up to a reasonable level, say $2." So if they can just pull off a very easy to do five bagger, they can get a 10 bagger by a rollback. Wow! you have to be one of the greatest threats to Einstein's theories walking the Earth today. It reminds me of an old Steve Martin joke where he makes the assertion that you can make a

[stockprobe19]

Aucontraire  I'm trying to find where BB87 says    "So if they can just pull off a very easy to do five bagger, they can get a 10 bagger by a rollback." It seems that those are your words. I'm wondering if you even watched the Zoom meeting now?  

[AucontraireII]

"I believe this is the route. If they're able to get the stock price up to a reasonable level, hopefully $2.00, they may only have to do a reverse split of 2:1 or 3:1" Try harder....

[stockprobe19]

Am I to believe that you in fact didn't watch the Zoom? You couldn't spend 2 hours of your time to listen to management explain the process, the interaction Sam had with Nasdaq and the future goals of WMG?? But somehow you have the time to spend countless hours on a BS site like this to challenge the reports of people that did watch it. I would think IF you actually were a shateholder and

[Executer99]

Everything we "the bashers" post are facts. We are literally copying and pasting them from Sedar, BC supreme court and MD&A.  Ex99  

[RawSienna]

A SEC filing is a fact sheet, you think Nasdaq is going to watch a zoom call  and say OK, you're in??

[PapaJay10000000]

Am I to believe that you in fact didn't watch the Zoom? You couldn't spend 2 hours of your time to listen to management explain the process, the interaction Sam had with Nasdaq and the future goals of WMG?? But somehow you have the time to spend countless hours on a BS site like this to challenge the reports of people that did watch it. I would think IF you actually were a shateholder and

[stockprobe19]

PAPA VJJ Again you get an F. My point was to stop listening to these fake bullboards and get the facts DIRECTLY from management  and that management gave you all an opportunity to listen to their presentation in the ZOOM. Clearly you didn't attend either. So take your investment advice from management directly 

[Executer99]

Now he's letter grading us like his students how are they fake if we are copying and pasting.  Clown never answers questions 

[PapaJay10000000]

SOLD!!! I'LL TAKE 'EM ALL and a pet rock too!!!!!! Next im going to spend a weekend in a flat-earther seminar and buy some time-shares DIRECTLY from a street vendor in Mexico! COVID doesn't exist, some girl who went to my highschool says so. Zero percent financing on a $100,000 truck I don't need while I'm at it, why not? I know the guy selling it has MY best interest at

[stockprobe19]

Covid ? Show me the isolated virus, you know the PROOF OF EXISTENCE. After I see it I may give a little bit of credibility but I know you will get another F I also give you an A+  for stupidity and gullible syndrome!!    

[PapaJay10000000]

sure, send me your mailing address.

[PapaJay10000000]

https://www.cdc.gov/coronavirus/2019-ncov/lab/grows-virus-cell-culture.html Or feel free to order it yourself if you want strangers on the internet knowing where you live. I've even provided a link for you. There is a big difference between education and intelligence and you Mr. Probe are a perfect living example of that.  

[RawSienna]

A quote from the CDC maybe?.. SARS-CoV-2, the virus that causes COVID-19, was isolated in the laboratory and is available for research by the scientific and medical community. One important way that CDC has supported global efforts to study and learn about SARS-CoV-2 in the laboratory was by growing the virus in cell culture and ensuring that it was widely available. Researchers in

[stockprobe19]

Yes from that report, patient samples was deemed NOT to be human. Vero CCL-81 cells are from green monkeys. Then they contaminated them with toxins and drugs  cultured them and claim to isolated a virus. All this from the CDC who owns 50 patients on drugs and vaccines and have FULL control over the health authorities globally. This PRIVATELY owned corporation has a major conflict of

[PapaJay10000000]

https://www.reuters.com/article/uk-factcheck-isolated-idUSKBN28E2SB Ok. take the chinese version of the isolated virus then. https://dearpandemic.org/has-coronavirus-been-isolated/ Or the italian, or korean, or the half dozen other countries around the world.   Go probe yourself. 

[stockprobe19]

Seriously you have a pic of a known pedophile representing you?? Did you know he went in for treatment for that illness for 9 months and after he came out he still was a pedo!  Now you want me to trust a Chinese communist corporation funded by Fauci as proof of what, corruption? 

[PapaJay10000000]

Can you show me on the doll where Mr Biden probed you? Oh god, the conspiricy theories are coming out of you brighter and prouder than richard simons at a gay pride parade.   

[stockprobe19]

https://www.redvoicemedia.com/2021/11/biden-incest-and-pedophilia-confirmed-ashley-bidens-diary-legitimate-fbi-cover-up-exposed/ There is a lot more I'm not going to bother, pictures of him sniffing children etc,etc. I'm starting to understand where your bashing comes from, which camp, which side of right vs wrong. To actually expose yourself pun intended to everyone on this site. "

[stockprobe19]

There is a global grand jury case going on right now on involving hundreds of doctors scientists and lawyers  https://rumble.com/vuy4ya-grand-jury-day-3-pcr-test-english.html Time to get educated my friend

[PapaJay10000000]

So Covid DOES exist now!?! In your mind, how can they test for something that doesn't even exist? I'll take a shot in the arm and wear a mask in public if it helps. What freedoms are you loosing? The right to sneeze in a strangers face and spread sickness? you sound like an a$$hole. Any way you look at it. covid or not the facts are: 1) Probe is pretty dumb for a teacher 2) WMG is in

[PapaJay10000000]

In Fact: Theyre in a WORSE spot now than they were priced at a four to five cent range - 5 years ago! WAY higher burn rate, way more unfulfilled promises and WWWWAAAAAAYYYYYY more debt/shares outstanding.  They do probably have toilets though so thats nice. 

[stockprobe19]

Dumb, hmmmm. Someone that gets a jab, that is unproven, untested and not effective. Remember get the shot and have total immunity. It's totally ineffective because you still get covid and you need many more shots. Do you know what they are injecting into your body? Do you? Do you really know? No you don't because the ingredients are undisclosed. Can you sue for damages if you are injured

[PapaJay10000000]

Real quick, off the top of your head, whats in a pop tart or a twinkie? You still put that in your body don't you? But if you dont know you can google the ingredients Here's a link for the Canadian Maderna version! https://modernacovid19global.com/ca/patient-medication-information.pdf Masks are meant to catch water droplets from the person wearing it (ie. you wear a mask to protect

[stockprobe19]

Listen Brandon take the shot, wear the mask, take cocaine  some meth whatever. Those are all exit strategies. I gave you all the information you need to survive. You can bring a horse to water...... School is out and you made your decision. Based on the numbers and information I have gathered it doesn't look good for you, sorry to say. Survival of the fittest you know. Considering the

[AucontraireII]

SP, we both hope for the best for Western magnesium, but get a grip dude. You have reached the edge of the cliff and have gone over. Hate to say it but I have to put people like you on ignore. There's no other choice otherwise the board just gets full of utter nonsense. The fact that you never have any useful information, logic, nor insight, technical, business, nor otherwise notwithstanding

[stockprobe19]

Well researched bud.Just because it's out of your range of knowledge doesn't mean it not a fact.  Oh KTD Google  Vero CCL-81 cells you will find the green monkeys 

[gossamer6]

This post has been removed in accordance with Community Policy

[KonnectTheDots]

Stockprobe, With regard to your wuflu position, surprisingly I do not disagree with much of it. I don't know if it is natural or man made but there is something out there, don't dispute that. Seems like a type of 'cold' as it seems to be a Corona virus which we have been dealing with for millenia. Masks are useless, this has been proven many times. I have to wear a mask to

[stockprobe19]

Excellent post, I agree completely and would like to add that Justin Trudeau has a serious conflict of interest with the whole world  https://www.youtube.com/watch?v=IH0Cd7ETges I don't have a crystal ball for the future but I can tell you what it says in Revelations as all of these events have been written there. If things go bad it won't matter if you are in any markets. Owning

[yureja]

This post has been removed in accordance with Community Policy

[RawSienna]

Who cares where it came from? you asked for proof if it had been isolated. Maybe a zoom call from Kanzi, the worlds smartest ape can teach you something. https://www.desmoinesregister.com/story/news/2014/02/01/-scientists-eager-to-learn-from-worlds-smartest-ape/5099479/

[stockprobe19]

Who cares where it came from? Or if it even exists? I care because all of our freedoms hangs in the air because the fraud has caused us to lose our freedoms, rights and caused much damage the economy and mostly to our children. You better start caring or the US and Canada as you knew it will be gone. 

[Bingbong87]

You should have just googled it yourself since you're so clever