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Atlas Salt Inc REMRF


Primary Symbol: V.SALT

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 Zephyron Jul 25, 2023 6:26pm
198 Views
Post# 35556769

RE:RE:Questions

RE:RE:Questions

Ooh, you are back In an industry with $5.2 billion is acquisitions since 2020, the theory of a buyout is not a stretch. However, it hasn't happened yet and it could be for many reasons. Part of the reason may be that no one wants to buy an asset to be developed or at least wants a team in place to be able to take the undeveloped asset into production. From Day 1 this asset should have been propelled towards development whether it was hoped to be sold or not. That's where Pat et al dropped the ball. 

There has been no offer. There are potential suitors that have asked questions and at least one potential suitor that is still considering it. However, no offers. I have heard that a couple key players have an interest and have also heard that one key industry player has made inquiries via affiliated parties so as to remain anonymous. Really, you think management is lying about expecting a buyout to pump this up to sell shares? If you think that you are an idiot. You add no value to any conversation here and I'm sure one of your next replies will be '...but Crunchy said $76.". If what you said was happening, management would have sold millions of shares last year at $4.48. They didn't. You know why, because they are in for the end game and believe in it (even if they've dropped the ball from a management perspective.)

I'm not sure what your endgame is but the more you post, the most it becomes obvious that you have absolutely no idea about anything you complain about. Maybe you are a stock manipulator. However, if you are, I'm disappointed that you are not better at what you do. So, you think they lied about the FS timing to drive the stock up and insiders will sell after the price peak? Yeah, the history of insider sales really supports what you say The lone insider sale in recent times was Pat so he could pay for the options/tax bill that was unexpected. Even if what you say comes to fruition (FS is not on time, etc.), I'll put $ that no insider will sell shares.

Oh, and as far as the FS goes, do you think it's not already complete? I'm fairly confident it was complete on time but the prudent decision is to not release it until the new CEO is in place....which is what they are doing. After a year, or so, of beating management up I'll give them credit here for doing something right.

if you are telling the truth, you own no shares. If so, why are you here? If so, go get a hobby or a pet, or something. Life is short (no pun intended).

 

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