Atlas Salt Inc V.SALT

Getting Closer

[DeputyDawg]

Another week closer to the new CEO. Some shareholders have said this appointment may not move the share price too much and that may be so, but the news will really be the catalyst going forward. Assuming the right appointment it will give both leadership and direction.

I look at the existing Board made up of a former operations manager with no boardroom experience, an oil and gas prospector known to be a difficult character, the head of the Newfoundland liquor forum and the former head of the Canada-Ecuador chamber of commerce, plus John Anderson (who is the only one that has the right CV to be there). It's a ridiculously weak boardroom for such a great asset.

A top CEO appointment plus one or two further qualified boardroom members will give a tonne of credibility. It will both attract serious investors and make those interested in getting a piece of the GA salt deposit take notice. It's the fault of the existing board that it's a year late.

[Redrum180]

Thank you for your insights on the current board's makeup. This company popped off the page when I did my DD.  A massive deposit which is not going to be difficult to mine; ideally located logistically; a 30 year mine life of a recession proof mineral (there's no shortage of icy precipitation in Canada, I've been told :)  They spun out another major property  to Triple

[DeputyDawg]

Certainly do credit Rowland but all his considerable achievement was through enhancing an already operational mine. He has no boardroom expertise and neither has he built a mine.   

[Zephyr]

Hey Deputy Dawg You are right on all accounts. While I don't think the new CEO announcement will have the immediate impact some expect, it's the start of the process of systematically getting this across the finish line. Yep, the Board has outlived its usefulness in its current state. Some of these positions were early-stage positions to develop government contacts, etc. However, the

[DeputyDawg]

I see the current CEO search is another example of the existing Board falling short. The search was announced in February and a four month turnaround is not unreasonable, but the wording of the announcement so early in the search process raised expectations of news much earlier than will transpire to be the case. This will likely delay the release of the FS whilst the new CEO gets up to speed. I

[Willsridge]

I believe high level meetings are happening now in Toronto.  No details other than that

[kilofinal7]

The new CEO will bring in the people needed to stregthen the leadership team. This has been a rudderless ship thus far, which is very unfortunate. 

[Zephyr]

Pretty sure they are not Board meetings. They would be meeting with SLR a lot these days for the upcoming FS. There is likely one other high-level meeting that would be happening in Toronto with respect to the CEO selection, so it could be that ;)