Atlas Critical Minerals Corporation ATCX

Nice day? Up 2%? The spread is so huge that even when it’s up ten if someone hits the bid it take 7% off the price.

Bought more at 6.48-6.5 and 6.23-6.25. In addition to an average cost prior to that purchase of 7.58 with buys all the way down to 5.15 in March. This is nuts folks. I don’t know how many times investors get this kind of opportunity with a high quality company that is broadly diversified in a relatively defensive business. It’s CrazyTown USA.

Yeah that matters in a stock this illiquid. Go ahead and short it then.

You can act like you’re some genius but ATCx isn’t down because of an infrastructure bill that may not happen. Look at NVEE today. Go away.

Awards have a dilutive effect. I intend to ask. Either way, the stock is now trading I think under $200M market cap with over $500M in revenue expected next year and EBITDA margins of around 18% and FCF conversion around 90%. Net debt has come down to 3.3x also. So hard to come to a reason for the selling other than, again, it’s an illiquid stock. Let’s be the smart mo he and allow others to transfer their wealth to us.

I have spoken with them in the past and have a call in as well. I suspect they are simply going to say it’s a very illiquid stock and this can happen if sellers sell in mass without regard to price. Back in April the stock did this and went from 6.87 to the $9’s within a week. What bothers me a bit more here is the volume is heavy so it seems some people that had an intention to have a solid weighting in the stock have moved on. Why though other than “it’s down” is hard to understand. So anything is possible. It’s not like IR is going to tell us about any insider selling or anything (plus they are still in their lockup period). Some insiders can sell in August so we know it’s not insiders. I don’t know if all these stock awards have a dilutive effecthough

I don’t know who is selling but it’s not just small retail. A block of over 20k went through at the close. Last week a block of 33k went through at the close. Someone who built positions is clearly exiting but to do it at any price and especially these prices seems insane.

Whoever is short better start covering ASAP. This company at is not cheap enough for them to buy back shares rather than do M&A. Shorts are going to get burned.

10k more on down volume just like that. Then another 700 hits the BID. You can’t cure stupid.

There are NO buyers for this stock. Only sellers. Well, there is always a buyer for a seller but the buyers have no urgency to pay up while sellers just keep lowering their ask to get in front of the next seller. Then they hit bids all day and not a single ask. Good gosh. Stock is trading at a 50% discount to peers with a better margin and cash flow profile. But dumb small redials investors just want to sell their 200 shares because the stock is down. Idiots.