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Atlas Salt Inc REMRF


Primary Symbol: V.SALT

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three kilometers (km) southwest of Great Atlantic salt deposit, which is an early-stage and open-pit production from the Ace deposit. Its Nepheline Syenite Property consists of a surface occurrence of nepheline syenite along the southern Labrador highway. The project is located approximately six km from tide water.


TSXV:SALT - Post by User

Bullboard Posts
Comment by loosechaingeon Oct 17, 2009 2:01pm
241 Views
Post# 16396817

RE: RE: "My situation"

RE: RE: "My situation"Okay I keep reading this stuff and have a hard time with the logic you are trying to apply.
Lets say you have 20,000 2 dollar bills in your pocket (deep pockets lol) and the government wants to get rid of the 2 dollar bill.
They consolidate it 5 to 1.
So now you have 4000 10 dollar bills.
So does this mean your 10 dollar bill is only worth $2? No.


And if the stock drops to 10 cents as rod says may happen (holding my stomach laughing) then that would put the entire market cap of the 2 companies at 92million shares 10 cents 9.2 million.
Cash on hand will be close to 6 mil, Tse listing, 1 million 43-101, mill, 30 percent of hardrock, boats loads of fabulous claims.
Guys pull it together here. If the market did it tomorrow Roxmarks opening bi fromthe market makers would be 22x3.75 or  82 cents roughly.

So rod if this is the gospel truth why don't you write a letter to management and say you have it all figured out. We can split the shares into 10. Take your 22 cents stock and give you ten times as many and whammo your rich. Or by chance would the market realize that hey there are tens times as many shares out so the price should be 1 tenth
of what it used to be. Lower share float should get us to marginable levels $2  much quicker and with less stock commissions
apples are apples, oranges are oranges.



 

Bullboard Posts