Atlas Salt Inc REMRF

Not derisked, not by a long shot

[jazzlistener2]

A equity financing which is very much in the cards could happen at low prices. They are always offered below the market price to make it attractive. That , along with extra warrants to boot will cause many more to end up as bagholders.  A 50cent share offering is quite possible. Low demand for the stock  will remain until that worry is removed.

[ClownTown]

wrong. another clown that can't read a financial statement. they have 13+ million in the bank that covers all their operations, ea, permits etc all the way up to construction. once they get to building phase, then they will need cash which will not come from pp but from a bank, you know? the whole purpose of a BFS? its called a BANKABLE feasibility study for a reason. management is paid by

[jazzlistener2]

hope you are right, but the share price continualy  declining is telling a different story.  13 million is a far cry from a half a billion needed.  If they do manage to get that kind of money from the bank, goody.  But till then, it is not a reality; just hopefull thinking and not derisked.. And I do know how to read a set of books

[Spencerlee]

They don't need a half a billion right now.... they get thru the EA process and start in the construction planning stages then they will need money... But it doesn't have to come on a share raise and it's definitely not going to be done right now. In the foreseeably future at a much better SP, probably, but there's other avenues aswell other then doom and gloom diluting like

[Liked2Think]

Haha

[DeputyDawg]

To say "derisked" is total rubbish. Read the FS which highlights things that could go wrong, however obscure. If we were derisked we'd be at $4 plus and not where we are. There is currently no environmental approval (or even an application made yet), no construction permit, no construction provider appointed, no power supply agreement, and no off-take or other financing agreement. A

[sorrenson]

Why is no one  discussing the Elephant .  TIMELINE  All the BS in the world wont hid the fact the company has not provided the timeline , No news is no good news,    You are years and away . I ts been 12 years so far and they only made it to a INCOMPLETE  feasibiity study which should have been done a decade ago. Sell and let it roll back to  under a dime 

[DeputyDawg]

Actually there is a projected timeline. If you read the feasibility study it's there in table 20.2 and at 24.4. And Rick has already said he is seeking to meet those timelines quicker than stated.         

[sorrenson]

20.2   is a list of all with estimates and could be concurrent or consecutive so useless at best 24.4   clearly states DRAFT for review  so that and a dollar wont get you a coffee even then it goes to oct  2028 for operations  if you get approved by 2025. and even better chart shows  construction starts a year before approvals ..Yeah ok but but but "

[DeputyDawg]

Draft, estimated, projected, hope, guess - take your pick. Unless you are Nostradamus everything in the future is based on an educated appraisal of facts. Simple enough - if you don't believe there is truthful intent to what you are being told then don't invest and move on. 

[sorrenson]

95 million shares with maybe , might , well could be m  possible revenue in 5 years after a dozen years already .   Carved in jello.   75 million cap.. Sorry you dont like non cheerleaders who actually question 

[loopsbutterfly]

I have the feeling the very high CAPEX is the main reason a lot investors got ride of their shares and maybe some of those need to do that in order to be part of the next PP at lower price. Probably they want the warrant for free. just my 2 cent