RE:RE:RE:RE:RE:Blood bathLiked2Think wrote: I dont see how it could have.
Still a great mine potential, All the drilling results always looked good.
Feasability will be good but in no means should it shoot the stock up 100% but it will help to boost.
All in all this whole split out of another company looks like a money grab that failed. Should had just kept the company as a whole. Thats assuming they dont have anyone interested in buying out Triple Resources in a year which I dont think they do. Hydrogen isnt going to happen as fast as some think.
Totally in hinsight they should had just keep shugging along and just use the salt domes as a "extra possibility of wealth" down the road.
Or maybe like I said before it was split out to make the purchase of Atlas more appealing to someone else. There is no telling the conversations the Rowland has had with his old buddies back at the worlds largest salt mine he used to work at.
Then again this could fail down closer to VUL as they do not have an operational mine yet and everything is speculation.
The only thing i know for sure is I yet again missed out on cashing out at a great time because i fell in love with the stock yet again.
I am watching this like a hawk though and I am worried I wont get in on time before this goes up again.
The spinout made excellent operational sense, and definitely has benefits that can still be easily recognized. Great Atlantic Salt is a resource that requires focus especially being close to a Feasibility Study release. To be attractive as a buyout target, it can't have a lot of overhanging issues. Retaining mineral rights means you have to actually do work on the land where you have trem. All those resources being spun out were negatives as a buyout target ot worst, at best extraneous things that would need to be dealt with as a buyer. As a pyre play salt mine resource, Atlas Salt is more appealing as a buyout target and easier to fund if they develop the mine themselves.