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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

Western Magnesium Corp > WMG Is still missing a critical component in their framework
View:
Post by RawSienna on Feb 08, 2023 9:05am

WMG Is still missing a critical component in their framework

According to them anyway, from April last year..I'm sure it's interesting and I'd love to read it.

 Western Magnesium Corporation (TSXV:WMG.V); (OTC:MLYF); (Frankfurt:3WM) (“Western Magnesium” or the “Company”) is pleased to announce that it has engaged an accredited, independent valuation firm to provide an assessment of the Company, including its intellectual property, systems and controls, and market potential.

"Chief Financial Officer, Ramsey Hamady, stated “An independent report by expert assessors is a critical component in the framework by which our stakeholders measure the value that our technology brings to the American economy and national defense space. We welcome the opportunity to present this valuation and to further engage our stakeholders in meaningful discussion.”

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/947-tsx-venture/wmg/119458-western-magnesium-engages-independent-valuator.html
Comment by RawSienna on Feb 08, 2023 10:15am
Maybe that report was so bad it resulted in the mass exodus of accountants and staff we have seen over the past months, that's why it's not being released and we can't see it?
Comment by stockprobe19 on Feb 08, 2023 10:21am
Maybe the report will include the latest progress and ability to produce continuously. Makes sense to include this progress in the report. 
Comment by GoldHawk2012 on Feb 08, 2023 10:23am
The stock is in the toilet!  Why????????????????????????????????/
Comment by RawSienna on Feb 08, 2023 10:44am
"The in-depth analysis is expected to involve several weeks of scrutiny by skilled assessors, the results of which will be communicated to Western Magnesium’s stakeholders and commercial partners." So what, 8 months to write the report? I think it was probably bad and staff ran for the hills. Sam and Ed went back to Alpha for more money after that, that can't be seen as good by ...more  
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