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Bullboard - Stock Discussion Forum Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based junior mineral exploration company. The Company is engaged in the acquisition, evaluation, exploration and production of mineral properties in Newfoundland and Labrador. The Company owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The project features a... see more

TSXV:SALT - Post Discussion

Atlas Salt Inc > Are Atlas Salt and Vulcan Minerals On A Brink Of Collapse?
View:
Post by NLMoose on Feb 14, 2023 1:32pm

Are Atlas Salt and Vulcan Minerals On A Brink Of Collapse?

Atlas Salt and Vulcan Minerals shares have lost over 1/3 of its peak value this year alone, and over 70% over the last year, leadingto concerns that both companies are heading for financial distress.

Its time for management to start addressing concerns about the share price performance before its too late.

Comment by Zephyr on Feb 14, 2023 2:28pm
Seriously? Explain to me how a non-operating, exploratory company will go into financial distress (i) 3 weeks after doing a $10 million private placement with investment funds and (ii) with approx. $18 million of cash in the bank and a nominal cash burn rate? The only people losing or not making $ right now are the people trading this down because they have no idea what they are dealing with. ...more  
Comment by Willsridge on Feb 14, 2023 5:02pm
Agree .  The commodity is huge, cost per ton to produce and get it to market is lower than competition and market is on our doorstep. Patience required. Stock markets are designed for the patient to tale from the impatient 
Comment by Willsridge on Feb 14, 2023 5:05pm
Take not tale
Comment by Willsridge on Feb 14, 2023 5:06pm
Take not tale
Comment by Willsridge on Feb 14, 2023 5:07pm
Take not tale
Comment by MisterThor on Feb 14, 2023 5:04pm
Ah ok because there is a mangement team lol !
Comment by Zephyr on Feb 14, 2023 5:14pm
Dude, stop creating multiple accounts to argue with yourself.
Comment by Laruch12 on Feb 14, 2023 5:32pm
Gee guy  I know a real  Moose that could make a more thouhhtful post than yours. If you are trying to prod management  at least do so without starting unfounded rumors.  ThT just fuels the many idiots posting nonsense on the boards, 
Comment by MisterThor on Feb 14, 2023 8:15pm
There is no management team. Atlas Salt is 3 guys + Sagacity + the company who made the PEA. That's it that's all. Management yes the one who buy views on Youtube ? Hahahahaha yes sure.
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