Bullboard - Stock Discussion Forum Western Magnesium Corp V.WMG.H

Alternate Symbol(s): MLYF

Metals & Mining Industrial Metals & Minerals

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

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TSXV:WMG.H - Post Discussion

Western Magnesium Corp > Why are people looking for updates from a dead company?

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Post by Freedom7 on Feb 06, 2024 12:01am

Why are people looking for updates from a dead company?

The company is broke...They don't have any money. If things were on the up and up, the accountants would be finished by now and they would be relisted.....It's just a matter of time before they declare bankruptcy. Anybody who invested, I mean speculated on a wing and a prayer can kiss their money goodbye.....

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Comment by KonnectTheDots on Feb 06, 2024 3:55pm

Its funny that you actually think that the 'audit' was actually being done rather than the company letting it be a reason for the big bad stock exchange to issue a cease trade order. An audit of a bankrupt company would take two days, 'no money' doesn't take long to count. Obviously they had nothing and it was a way to take the blame from going under off them so they let if ...more

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