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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 > Explanation please
View:
Post by splitcore on Jan 02, 2024 3:15pm

Explanation please

Happy New Year to everyone.
I don't pretend to be a savvy investor and I don't claim to be particularly intelligent.  But, none of you provided a reasonable explanation to me when I pointed out the last PP of about #300,000.00, long after WMG had ceased trading, had to be a positive sign,  I repeat my childish comment that the PP has to be an extremely positive indicator that WMG will (must) resume trading.
Would someone please explain to me how the PP could mean anything other than a trade resumption in the very near future.
It will likely take you some time to couch your response in a negative vein but, go ahead, take your time.
Split
Comment by AucontraireII on Jan 02, 2024 4:39pm
Split, what dates do you have?  I have 3/3/23 for the date of closing the first tranch of $320,000 and 3/9/23 for the onset of the halt.  Please explain how 3/3 is long after 3/9?   Take your time... Sorry this took so long...
Comment by KonnectTheDots on Jan 02, 2024 4:47pm
Hey Split , first let me wish you a happy new year! Hope everything goes well for you in the coming 12 months. While you may not think so, we are happy to have your opinion as it's one of the few that isn't reflective of what is actually going on.  That is reflective of 'reality'. You are, of course, entitled to your opinion, and we are also entitled to ours.  ' ...more  
Comment by AucontraireII on Jan 02, 2024 9:21pm
As always KTD, you outdo yourself with your answers.  If we recall those private placements were coming faster and more furious with less in between time each go round.  So even if they did collect $300,000 how long would that last them?  Maybe not even until the halt 6 days later.  And how have they operated in the intervening months back to March?   Some of this ...more  
Comment by KonnectTheDots on Jan 03, 2024 2:01pm
Right on the money Aucon.  Split what's the burn rate for this company? How long did that 300,000 last? Very optimistic, really? While you and stockprobe are gloating over your contest about which month the stock is going to begin trading again, I'm actually afraid.  You said you are new to investing I'm wondering if you understand how it works   Stocks are a ...more  
Comment by AucontraireII on Jan 04, 2024 8:04pm
It sure is quiet out there.....yup, a little toooo quiet.
Comment by KonnectTheDots on Jan 04, 2024 9:17pm
The calm before the storm.  But hey, now we know that by the end of next month Western mag will be pumping out thousands of tons of 99.9% pure magnesium and will be gazillionaires.  Thanks to that confidential tip we got from stockprobe and splitcore, Looks like we tricked them to spill the beans. I'll be filling my boots with cheap paper as soon as we are back on the board.  ...more  
Comment by zembala on Jan 05, 2024 12:51pm
My source is also very positive! A lot good things are happening
Comment by AucontraireII on Jan 05, 2024 1:39pm
Well thanks zembala.  I don't know about anyone else but that seals it for me.  I mean we have an anonymous source telling us that he heard from another anonymous source (just a "source" mind you, not something like an insider) that "good things" are happening.  What more proof could you possibly ask for? Unless of course your source is bigrig, or better yet ...more  
Comment by KonnectTheDots on Jan 05, 2024 3:03pm
But I thought I was joking, wasn't I ? :-) That's how rumours get started.  Zembala, Can you give us more than just a teaser? You don't have to mention names, but maybe a few facts, that would be nice. 
Comment by Sherry35 on Jan 05, 2024 4:35pm
I bought a zillion WMG shares today based on the non-smoker, non-insider, non-spirtual leader, non-rockstar, non-MPP, anonymous source. Trade went through 5 minutes ago on the TSX Venture. Don't believe me - contact non-smoker, non-insider, non-spirtual leader, non-rockstar, non-MPP, anonymous source.
Comment by KonnectTheDots on Jan 05, 2024 5:00pm
I believe you cuz that wuz my zillion shares. 
Comment by Freedom7 on Jan 06, 2024 2:39pm
Hahahahahahahahahahahaha.......LOL....The amount of suckers out there seems to be without end....
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