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Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

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

Post by Jethro980on Dec 02, 2021 12:01pm
164 Views
Post# 34190431

Takeover target?? Salt

Takeover target?? SaltAs a long time investor (45 years) the biggest concern I have here with Atlas is someone coming in and buyng us out for a song. I have had it happen 4 times with juniors with wonderful prospects that I owned. Yes I made money but only a fraction of what I should have had managment been tough. Someone comes along and offers 2.05 a share for Salt. This would be heart beaking as it is surely worth 10 times this, if developed by the Altas and Vulcan group. With devlopment in 2 to 5 years this could be a 20.00 stock and Vulcan by vertue of its massive portion of ownership could be trading at 3.00 a share.   So if anyone comes along trying to buy us out I can only hope we have tough negotiators the likes of Robert Friedland re Voisys Bay Nickle and Inco.    Dont give it away!!!!     
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