Atlas Salt Inc V.SALT

who will be the money guy

[jazzlistener2]

they will need someone who can get the money to finance the mine. If they can get the Nfld government to guarantee the bank  loan it will be easy. Lots of jobs for the people there and taxes for the Nfld government. Would not cost a penny for the government since Atlas should easily pay off the loan themselves. Their tpr shares are unable to get any traction and are dormant. No collaterall there. Money is the grease to make things happen. I wonder if Pat has already talked to the powers in government  previously.  I would not doubt it.  I think the turning point , good or bad, will be where they get the money from. Limbo till then.

[Donwaan]

Salt was one of the greatest treasures of the ancient world. A person who owned a salt production site was very wealthy. Due to the high value of salt, an ancient Roman proverb said that people who did their job well were worth their salt. I hope the bankers and Nfld. government officials know their ancient history!

[fieldsofpurple]

Yes - and they would be like the "Salt of the earth" as referenced in the Sermon on the Mount. Amen to that...

[DeputyDawg]

It's a good point you make.  Problem with governments guranteeing private enterprise loans is it sets a precendent for other projects so I expect potentially the capex will be covered with the usual variety of grants, debt, off-take and convertible new shares or even financing via a partner but the FFS will set the perameters for lenders and all of this is LaBelle's skill set. The

[wreckhouse]

It's a good point you make.  moneyguy !   I 'm  thinking a  ( MONEYGIRL ) just saying , if you go back and read a post of mine .  Atlas can have my Vulcan shares for 4.00 or start sending the   ROYALTIES . With over 30% of Salt shares it's a good stake . With 4 million ton production . Vulcan  would end up paying a special Divi  ( 40-

[DeputyDawg]

Whatever Vulcan has it's not for me. Had a bellyfull of Pat and his stubboness and managerial deficiancies and I would not have stayed invested in Atlas if Pat remained CEO.    Whatever you read Pat did not voluntarily stand aside as Atlas CEO, he was forced out by the larger  shareholders who withdrew their support for him.

[wreckhouse]

Ms. Eira Thomas leaving Lucara ---  Did a 220 million financing package for uderground expancion . BOD at Suncor and well known in the Canadian mining space . BCRNW

[St0ckgirl]

I also have shares in Lucara...buy shares in things you like - DIAMONDS "REAL ONES"

[wreckhouse]

Ms. Eira Thomas leaving Lucara ---  Did a 220 million financing package for uderground expancion . BOD at Suncor and well known in the Canadian mining space .  THE  QUEEN  OF DIAMONDS  WILL BE KISSING THE COD  !    BCRNW