Atlas Salt Inc V.SALT

Corporate update?

[Donwaan]

Would it not be timely for SALT to issue a corporate update? Now that that the spinout is behind us a progress report on the FS perhaps? Anything from management now would be helpful IMO.

[TeamEddie]

nothing has changed with the company imo just the probability a suitor would find it more attractive how many owned becuase they thought it may be bought out? nothing changed this is a recession proof business

[Donwaan]

Good point TE about salt being recession proof. Salt in it's many uses will be needed no matter what.

[Liked2Think]

What exactly does "recession proof" mean to Atlas Salt? They produce no salt at the moment.  There is no active mine. Recession proof doesnt mean a company will not lose a ton of share value, it just means the company has a product that will be bought no matter what.  The volume will decrease but technically it will still be bought.

[silentrunning]

This post has been removed in accordance with Community Policy

[NLMoose]

It salt was "recession proof", Atlas Salt and Vulcan Minerals wouldn't have lost 60% and 62% of its peak value respectfully in just one month.

[Donwaan]

Point well taken Moose! Whereas salt may be recession proof apparently SALT is not. Nor is VUL. The resource itself however will remain in demand and GA has a lot of it.