RE:RE:RE:NPVCanticle wrote: NLMoose wrote: I think the investors are ignoring about Capital Budgeting concepts as the stock price keeps going down.
In fact, Atlas Salt lost more than 25% of its peak value over the last two weeks for no reason.
But there is a reason. The Hydrogen announcement was a fizzle. It sets ambitious targets for establishment of exports and nothing more. Price was driven above $4 on expectations that there would be more concrete impact to Triple Point and there simply wasn't, so risk averse investors are taking their gains. Who wouldn't? Anyone that invested any time from the beginning of this year to the early summer tprpbablu tripled their money. So now it's back to the market value of a speculative pre feasibility salt mine and a hard to value set of mineral rights that Kay turn out to be valuable hydrogen storage or nothing at all. $3.50 to $4.50 pre spinout and $3 to $4 post spinout is probably as good as it will get until there is more news. For me, Atlas still is a long hold for me until I know whether its going buyout or production, but I long ago made money on this and am riding the gains, so its no risk for me.
Spot on Canticle. Even when you take the time period around the end of May when the stock was low to mid-$2, there was a lot of gain built up until hitting almost $4.50 a couple weeks back. I knew the share price would be driven based on the spin-out but never dreamed it would hit $4.50. I watched it struggle to break $4.00 as I thought that was the threshold! However, there was nothing to support that expect pure speculation on the spin-out. I also found it hard to believe that people thought that the meeting between Trudeau and Germany would result in anything other than an MOU, LOI or similar.Basically, an agreeement to work toward a solution. Once the share price didn't race to $5, or so, I figured it would retract and pick up momentum.
Originally I was going to look to try to pick up TPR in the market. However, I resigned myself to just ride TPR out with my spin-out shares alone and topped up on SALT yesterday at $3.50. I think there's a real possibility of tripling that $ on a buyout based on my expected range (which is not that different from yours).