RE:RE:RE:COURT APPROVAL FOR TRIPLE POINTMoneyK wrote: Canticle wrote:
Donwaan wrote: Now that the courts have given the green light how high will SALT shares trade heading up to September 21st? Any predictions?
It was generally considered a foregone conclusion with little risk, it probably just caps the floor of the share price before spinout at $3.
I'm narrowing it to a $3 - $4 pre spinout range. After Spinout I see Atlas Salt trading between $2-$3, maybe above $3, until there's more news for movement.
Anyone who paid attention to people saying back up the truck when it was over $3.50 are probably going to wind up losing money on their investment, unless a bidding war occurs for Atlas Salt that pushes it up over $5.
If there is no bidding war, it's probably going to be a long time for big movement, but will be a solid, decent money maker once mine production starts.
Strange comment considering that Compass has a market cap of $1.4B US with most likely a much higher production cost?
Even when considering that their Goderich mine is 80% of the business, I feel we still a long way to go from our current level.
IMO.
MoneyK
A buyout could go as high as $12 in my estimates, but thats assuming a buyout happens. I was replying more to the highs for this year.