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Bullboard - Stock Discussion Forum Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

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... see more

TSXV:SALT - Post Discussion

Atlas Salt Inc > Date?
View:
Post by goldanalyst on Aug 30, 2022 1:47pm

Date?

Have they decided on what date one has to be a shareholder of SALT in order to receive a Triple Point Spinout share? Thanks in advance for any info
Comment by Zephyr on Aug 30, 2022 2:00pm
The date per the Circular & arrangement is September 21st. (barring any unforseen circumstances)
Comment by goldanalyst on Aug 30, 2022 2:17pm
Thanks Z Is the market trading this one down as it adjusts to the spinout? Usually the market rises into the spinout and then falls afterwards. What am I missing here apart from general market malaise ? Been getting hammered recently despite positive developments Cheers, M.
Comment by Zephyr on Aug 30, 2022 2:27pm
I think member Canticle speculates it nicely a couple posts down on this page. The SALT shares rose throught to the spinout (hit $4.48). However, it's possible/likely that that quick rise was anticipating an outcome more directly linked to SALT as a result of the meeting between Trudeau & Germany. However, once that fizzled and all that really came out of it was an agreement to work to ...more  
Comment by goldanalyst on Aug 30, 2022 2:37pm
interesting take. I didn't know about  the Trudeau & Germany meeting. think I'll buy more after the spinout.and the eventual drop in SP Thx
Comment by Scionxb777 on Aug 30, 2022 2:43pm
Explain exactly what fizzled ? They are waiting on an environment assessment on the wind portion before releasing details on the use of the domes 
Comment by Zephyr on Aug 30, 2022 3:20pm
Are you referring to me? What fizzled? The share price at this time as it's likely that some of the expectations for the meeting didn't meet expectations.
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