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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 Canticleon Aug 30, 2022 4:11pm
95 Views
Post# 34930615

RE:RE:Sources

RE:RE:Sources
Zephyr wrote:
Scionxb777 wrote: Please provide your source of this fizzle you speak of ??



Lol.....the share price fizzled....expectations fizzled......temporarily until there is more info in the market. Maybe I should type slower so you can keep up :)



This is what happens when people becoming emotionally invested in a stock. They lash out at perceived enemies who are simply analyzing trends and possibilities.

Back when I was in finance, I watched someone hold a stock from .10 to 1.80 then to 0. Why? It simply couldn't lose...until it did. It was in the resource sector, huge potential, high resource prices, and they finally started producing...stock almost hit $2.

Then a resource bust hit fast and hard and the company couldn't keep up with the monthly production costs on top of the debt financing because the resource price had tanked so quickly below their break even. A month before, it was a sure thing with realistic projections of millions in Free Cash Flow, 8 months later the stock was worthless.

I wasn't emotionally invested, I lost nothing. I actually came out ahead. They were emotionally invested and lost everything they'd put into it.

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