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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 > Tunnel vision
View:
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 Sherry35 on Mar 04, 2023 6:52pm
Man has been killing man for centuries yet the rest of the world goes on. As for the Ohio derailment, there has been 3 derailments in the USA over the past 2 to 3 weeks. The probability of 3 back-to-back derailments is very low. Given Russia has made some agressive remarks against the USA for the USA's military participation creep in the Ukraine war, like long range reconn information for ...more  
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 KonnectTheDots on Mar 04, 2023 7:35pm
BR, As constant company apologists you two are always ready to make excuses for them. Why? 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 ? The constant mention of Ohio is to let anyone new here and the company ...more  
Comment by Sherry35 on Mar 04, 2023 10:02pm
This company has two directions based on the sociopathic statement made by PS now that he is coming clean having investors lower their expectations i.e. no big payout on your shares. Before I state the two options, this company will fall short of the investors' set expectations ("bought the dream")  "influenced" by stock juicers and promotion firms. The winners ...more  
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 05, 2023 12:35pm
If I'm not mistaken reading this forum for several months, every reporting quarter has been overdue for the past 4 quarters WITHOUT A CEASE TRADE ORDER from the TSX compliancy group, IIROC, BCSC or SEC. So, these groups have been instructed by a higher force to allow trading to continue while they investigate/audit the financials. Perhaps one of the executives brought some baggage from a prior ...more  
Comment by Sherry35 on Mar 06, 2023 10:41am
BigRig - what are your KPI's for measuring "real shareholders have spoken" satisfaction? I agree with you on some of your observations about the posted information and repetiveness. However, there is a underlying theme that pertains to the "unique" share holder value being practiced by the executive team and BOD. I'm speaking to "trust and transparency" and ...more  
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.
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