RE:RE:How does this happenjazzlistener2 wrote: dead money for years. Once the buyout farce was removed, there was no carrot in front of the shareholders nose for them to get excited. Some company plant even suggested 76 dollars . Too much time expiring with other stocks on the move. Now with the danger of the float balloning at these prices to raise money and no definite timeline, who wants to get in when people are dumping shares to get out. How did it hit the 50s, same way it will hit the 40s. Too much of a con with the buyout, now the consequence.
Fair comment but I don't agree with years. Management have not helped themselves here by delaying the EA application. Yes, maybe they are going the extra mile to get the application right but no news is seen as bad news and the market does not like uncertainty. Only a tiny percentage of the float being sold is controlling the market and despite Rick's apparent following and connections there seems to be no white knight in place to pick up those few shares and stop the manipulation.
I do believe the EA approval will be a pretty quick turnaround, perhaps three months. There seems no reason I have found for approval to be denied and looking at other clean mining applications a three month turnaround is perfectly achievable. From then on we have a saleable asset. So maybe 2026 until production but I question if Atlas will be still in play by then.