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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 > So cash is the problem?
View:
Post by KonnectTheDots on Oct 19, 2023 5:48pm

So cash is the problem?

There are tons of millionaires and billionaires even just in the US let alone worldwide. 
What does it tell you when none of them will invest in this company?

With all the hype they put out in the news releases. It sounds like this would be a good investment maybe even a gold mine.

Yet no takers from people like Elon Musk who actually has a giga factory in Nevada?
Half a million bucks is pocket change for him yet he doesn't believe in this company?

Building Gigafactory Nevada 

The company since 2014 has invested $6.2 billion in Nevada and the 5.4 million square feet of facilities it has built there. It has also hired more than 11,000 employees to produce about 7.3 billion battery cells and 3.6 million drive units in the past nine years.Jan 24, 2023

No doubt they could use magnesium in Tesla's, lighter is better,
maybe even in new technology batteries to replace lithium and cobalt

 

 

Comment by Sherry35 on Oct 19, 2023 9:06pm
Cash is always a problem with poorly mnaged companies. Where did all PP proceeds go? The answer is in the financials. When was the last quarterly/year-end report files in SEDAR and SEC?? Still sitting in the bushes. Investing in RGUS talk ne a very valueable lesson. Thank you stockprobe.
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