Post by
Bigrig16 on Mar 04, 2023 3:20pm
Tunnel vision
Focus seems so narrow and repetitive without
considering other possible circumstances that may
arise.
constant mention of Ohio - what if on deeper
examination, some items surface that causes a more
cautious approach to be taken ?
Companies and people alter course many times, that doesn't mean the objectives have changed, only the
course taken to achieve them.
Perhaps as things play out, Nevada has risen to the top
as more appropriate at present.
As to the other post with finance it's topic.
Yup, looks pretty bad, until one takes into account that this is a very junior company, with the on going problems of
attempting to raise money constantly to fund forward
progess, no easy task in the current market and interest
environment.
Look at Tesla
An article by Jim Collins, Apr. 25, 2018
pointed out that since IPO in 2010, Tesla had raised 19 Billion dollars and had negative cash flows of 9 Billion dollars
Western is small peanuts compared to that and I for one as a shareholder have made my initial investment back and believe that the best is yet to come !
Of course this sort of thing is not for the faint of heart and I would suggest that if you are queasy and can only see a negative story, then this not the place for your dollars.
However, on completion of the annual meeting we will see if the real shareholders have spoken and give the board of directors and personnel the mandate to continue to move this project forward
Comment by
stockprobe19 on Mar 04, 2023 3:38pm
Considering what is happening in East Palestine Ohio, maybe that delay has been in the best interests of WMG.
Comment by
KonnectTheDots on Mar 04, 2023 4:51pm
Yeah exactly, and making magnesium while people are dying in Ukraine, crazy! Of course they should just focus on research and development for another decade. Make it a true beautiful work of art and craftsmanship, profits are for capitalist dogs.
Comment by
stockprobe19 on Mar 05, 2023 12:18pm
Sherry the analogy went way over your head which explains your horse tidbit comments
Comment by
RawSienna on Mar 05, 2023 11:13am
Speaking of finacials and Tesla.... year end finacials are overdue by a coulple of weeks now, (even their extension of 15 days) so what's up with that? People are going to be watching and I'm sure fines and more will be coming. Tesla has over 3000 patents and counting, and how many does WMG have again?
Comment by
Sherry35 on Mar 06, 2023 10:42am
I reached a 100 SH reputation points today with only have one on account on SH. Yep, I only use one account.