Atlas Salt Inc REMRF

Primary Symbol: V.SALT

Metals & Mining Industrial Metals & Minerals

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.

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Atlas Salt Inc > Another Great Day

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Comment by Zephyron Apr 13, 2023 7:51am

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Post# 35392424

RE:RE:RE:Another Great Day

DeputyDawg wrote: Mangement incompetence? Partly yes. The FS has been unacceptably delayed from 2022 and management need to take some responsibility for that and also for not appointing a proper CEO nine plus months ago. The boardroom has always been light of management experience and although Laracy has merits it is not as a CEO.

Shareholder incompetence? Also partly yes. It was shareholder greed and stupid comments on this and another board that pumped the stock up to $4.50. Those posters who urged caution at the time were shot down in favour of a few attention seekers pricing this a unrealistic numbers.

Remember in January two funds were prepared to invest at $10m. Their DD would be greater than anyone here and since then there have been fantastic further drill results.

The appointment in around a month's time (IMO) of a competent CEO will be a big step forward and should renew confidence.

Bingo

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