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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

Comment by lifegoesonon Mar 23, 2022 5:40pm
122 Views
Post# 34539483

RE:Notice that someone hasn't been posting in a while?

RE:Notice that someone hasn't been posting in a while?Stockgirl, 240,000 shares today, rather low volume is a good sign sellers are getting tired and sold their loose stock, i.e. taken their profits, but there were still over 540,000 shares short at March 15. Not sure how many short today. Almost everything is known about this play, i.e. size and potential, except for assays from the 500 m step out. We know we have hit the top of the salt, which means salt is there but we don't know how thick, I am surprised, because they have been drilling for a long time now. We need some news sooner than later to clear up the rumours and put a true floor to the price. As I said before, given the trading volumes above $1.30 is a good indicator this should be the bottom price as people will average down.  It is already heading to April and no indication the economic feasility study is going to be released any time soon, but I suspect they are keeping this close to their chest.  A ramp or expensive deep vertical target, we need to find this out soon.
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