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.

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

View:
Post by NewInvestor19 on Jan 31, 2023 5:08pm

Proceeds?

What does the company plan to do with the $74,430 it received from the sale of stock at .18 strike price?  When did it last touch .18 cents?
Comment by Sherry35 on Jan 31, 2023 5:56pm
Did they actually collect $1.3M in placement proceeds? They would have to sell 26M shares, @ 10 cents per share, on the open market to generate $1.3M. I don't believe that kind volume was accumulated since Nov 2022.
Comment by RawSienna on Jan 31, 2023 6:10pm
Money likely long gone and then some. The last time the stock closed over 18 cents was July 15 and oddly enough the day before that the news release headline read... "Magnesium Metal Purity Results Received from Second Calibration Run of Commercialized Pilot Plant" (July 14th)
Comment by stockprobe19 on Jan 31, 2023 6:21pm
Let's see 26 million x .10 = 2.6 million dollars. Wasn't accounting one of your professions? 
Comment by AucontraireII on Jan 31, 2023 6:39pm
Probe, nobody who owns this stock can say they can account for anything...
Comment by KonnectTheDots on Jan 31, 2023 10:05pm
Stockprobe, hope you had a good Chinese new year. Gung Hay Fat Choy! For those of the Scottish-Chinese culture, Gung Haggis Fat Choy! So the AGM is just over a month away, should we be excited or afraid? Both you and Bigrig were hinting a while ago that 'things' were about to happen, and sooner rather than later Were you guys being serious or just joshing? I'm a bit skeptical it will ...more  
Comment by stockprobe19 on Feb 01, 2023 12:56am
It's difficult to have a happy new year when the world is sliding into the abbys. The level of ignorance with the people is unparalleled in history. Swarms of lemmings heading for the cliffs on so many levels. The time has come to board the Ark, gather the few, batten down the hatches and ride out the storm. There is no turning back, it has crossed the line and what was, will be no more. What ...more  
Comment by NewInvestor19 on Feb 01, 2023 8:47am
This post has been removed in accordance with Community Policy
Comment by KonnectTheDots on Feb 01, 2023 5:40pm
Stockprobe, Re: It's difficult to have a happy new year when the world is sliding into the abbys. The level of ignorance with the people is unparalleled in history. Swarms of lemmings heading for the cliffs on so many levels. The time has come to board the Ark, gather the few, batten down the hatches and ride out the storm. There is no turning back, it has crossed the line and what was ...more  
Comment by stockprobe19 on Feb 01, 2023 7:25pm
There are 2 boats, one is the Titanic, unsinkable, too big to fail, full of lifeboats. Lifeboats as in beliefs, religions, remedies, Pharmakeia, doctrine, fiat, many many lifeboats, deceptions. All created by the builder of the unsinkable Titanic. The story is the same one, repeated again and again in history by the same builder...... that story. The other boat, the Ark, is built by a different ...more  
Comment by AucontraireII on Feb 01, 2023 8:39pm
I forget now, did the Ark hit an iceberg?...
Comment by KonnectTheDots on Feb 01, 2023 10:40pm
OK, got it. Ark has better watertight comparments that go a full 16 cubits up to the poop deck (literally) It has Ice berg radar, obstacle collision avoidance, GPS, Satelite phones.... Every animal on board, check. Brontosuarus, Tyranasuarus, Dimetrodon, Stegasaurus, Edmontosaurus, Allosaurus... But what about the Ohio production plant? You used to be a huge promoter of this company, now you are ...more  
Comment by AucontraireII on Feb 02, 2023 7:16am
Nice list KTD!  I think I've been to all their churches for at least one service.  You left out Western Magnesiumityism.  Western Magnesiumityism says that you will go to financial heaven if you simply believe that producing a new clean magnesium is all that is needed to make a company a financial success on Earth.  Metalutionistics are considered to be hell bound heretics. ...more  
Comment by KonnectTheDots on Feb 02, 2023 3:16pm
Hi Aucon, I believe! I believe it traded at .085 today. 
Comment by AucontraireII on Feb 01, 2023 10:31am
It's impossible to say what they will do with the $74,000. But my suggestion would be to hire another consultantcy to manage the flow of cars coming in and out of the Consultants parking lot.   That or pay salaries for the next 43 minutes.
Comment by GoldHawk2012 on Feb 01, 2023 12:04pm
Salaries for a few remaining non performers. Company is aways looking to hire duds who can drive down the share price. 
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities