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Bullboard - Stock Discussion Forum Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based junior mineral exploration company. The Company is engaged in the acquisition, evaluation, exploration and production of mineral properties in Newfoundland and Labrador. The Company owns 100% of the Great Atlantic salt deposit strategically located in western Newfoundland in the middle of the robust eastern North America road salt market. The project features a... see more

TSXV:SALT - Post Discussion

Atlas Salt Inc > Advice for SALT investors Buy low Sell High
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Post by Jethro980 on Nov 22, 2022 9:32pm

Advice for SALT investors Buy low Sell High

Price is down - do the math. I had my doubts about any short term deal anyway and was worried about it not being in our best intersest at this time. Markets have been in termoil and with a new mine development needed in this interest rate climate -just check deal (Royal Helium) did recently, rate were bad.    So I do hope the powers that be are in a position as I am to wait this out. The resource is there. Lets revisit this one next September.    And Buy Low Sell High!!!!
Comment by nedstar71 on Nov 23, 2022 1:31am
Advice to SALT management.  Don't do webinars for the same audience rehashing the same talking points we've heard over and over for a year, when you have nothing new to offer. And especially don't do them when the one new thing you do have to offer is that there were drilling issues and the feasibility study is pushed out.   Keep in mind a good portion of your ...more  
Comment by Liked2Think on Nov 23, 2022 3:37am
so they are blaming a drilling rig going down for pushing it to q1? originally the fs was suppose to be out in q3 so if we are to believe the drill rig story they waited how long to mention it? I guess they let all their friends sell out at the higher price before saying anything. Nice mr salt might be Mr $hit for brains who just lucked out early in his career i thought this company was going ...more  
Comment by Scionxb777 on Nov 23, 2022 10:09am
Now your in liability you just called the CEO an inappropriate name.  I am reporting you !! Bye bye clown 
Comment by NLMoose on Nov 23, 2022 10:16am
To wait six to nine months just to get repairs and drilling done is pure incomptence, and Atlas' CEO has to be held accountable for it. As a CEO, he's vicariously liable for the operation of Atlas Salt, meaning no excuses for bad performance can be tolerated. I agree the name calling was inappropriate.  
Comment by Crunchy2chew on Nov 25, 2022 6:34pm
And just how is it six months? You know when the rig broke? You know how long to get a replacement? Fill us in with your wisdom.
Comment by TeamEddie on Nov 25, 2022 8:52pm
The issue was not a broken rig Rowland said it in the webinar, it was a contractor and then he screwed up when talking about lab results  The webinar was a bad idea, people who expected a buyout in 2023 now realize they may go to production in 2024 
Comment by Liked2Think on Nov 25, 2022 9:43pm
  how many people are going to wait until 2025 for this thing to hit production 
Comment by MoneyK on Nov 26, 2022 8:12am
If they bring this to production, it should be worth the wait. MoneyK
Comment by Liked2Think on Nov 26, 2022 11:27am
it will be worth it at that time but why would you hold the stock for the next two years waiting? And two years is incredibly quick.  heck look how they are behind on the FS.  mid they take it to production you would be looking at 2026 minimum and that would be after multiple financing deals and diluted stock.   
Comment by TeamEddie on Nov 26, 2022 11:47am
Liked2think look up the definition of a sociopath I am not calling you one I am saying your posts fit the traits of one and Rowland said 2024 for production, you said 2025 and now you are saying 2026  you took a loss thats it man move on 
Comment by Liked2Think on Nov 26, 2022 1:19pm
They company first said Q3 for FS. Then before end of the year. Now it's Q1.  they can't do the FS on time and you think their guess at production is accurate at all?  
Comment by TeamEddie on Nov 26, 2022 2:20pm
do I think there timeline is better than yours yes, sell and find a new play man its that simple move on
Comment by Liked2Think on Nov 26, 2022 3:11pm
  ypu said same thing when I said no fs this year
Comment by TeamEddie on Nov 26, 2022 3:43pm
I cannot engage you again you realize you are saying I guessed once and it was right and now I have made a 2nd guess saying they will get to production 2 years later than the President of the co said so because my first guess was correct my 2nd one will be also Sell and move on its what a sane person with your point of view would do there are plays with more upside go find one I did the day of ...more  
Comment by yureja42 on Nov 27, 2022 12:36am
This post has been removed in accordance with Community Policy
Comment by Scionxb777 on Nov 28, 2022 8:13am
Report this clown to the securities commission 
Comment by NLMoose on Nov 27, 2022 6:53am
Taking two quarters to fix a broken rig shows the lack of diligence in fixing problems in a timely manner, and investors are paying the price for it.
Comment by Liked2Think on Nov 27, 2022 7:14am
  mid thisnis true then the operations is a complete joke. Every mine I have worked for and every drill operation I never saw people ignore a problem like that for a week let alone two quarters.  they don't want to take this to production. I guess they figured a few YouTube videos would get the project sold 
Comment by Jethro980 on Nov 27, 2022 11:10am
such nonsense. Every junior miner has same issues when starting. Give Salt and managment time. We are in tough times with the high interest rates policy. I have sveral other juniors with great poltential and many with proven resources but all are down for now.  
Comment by Crunchy2chew on Nov 27, 2022 1:43pm
haha NLMoose where did you hear that it was down for two quarters, they have a shitload of holes done and completed. Jesus man stop guessing and presenting it as facts