Atlas Salt Inc REMRF

Triple Point

[Jethro980]

With triple point still not available to trade I think this is proof that a deal is afoot.  My opinion is the board made a bad decision to try and spin out those domes and now suitors to buy Atlas want Triple Point too.  What were they Atlas thinking.   In any case this will get bought out but between interest rate termoil and general market uncertainty it's bogged down in the details.     But my main point here is that the Triple Point decision was dumb.

[Zephyr]

I doubt any suitor of SALT would want the domes. If anyone is interested in the domes, it would be one of the larger firms looking to development green hydrogen on the West Coast of NL. I suspect TPR management are waiting to see if anyone of the large firms (World Energy, Fortescue, etc.) is interested in the domes 'as is' (undeveloped) after the Province of NL announces the successful

[Jethro980]

Your view seems logical but is overridden by the (fact) that Triple Point is not trading and fundementally has not been priced.  This is unheard of to have a spinout from last year and still not availble for trading.  The only logical reason has to be that they (Atlas and Vulcan) are keeping control of it on suggestion of sutiers, otherwise this would have been trading since at latest

[Zephyr]

If the asset (TPR domes) has a liklihood of being bought out by one of the hydrogen players, there's no incentive to list it. There is ample cash from the PPs to fund interim operations and publicly listing a company that's waiting to see if its only asset gets bought, in the near term (June 2023), would be impractical. Management would impose of bunch of public reporting requirements

[Jethro980]

You may prove right but I don't like it. I would have bought more shares of Triple had it listed as it should have at around .20 to .40 cents and if it was listed I expect we would have gotten a lot mare than the market trading price.   No I dont see it and think it is all part of a possible deal.  Whatever the case good luck to all of us longs. I've been holding shares