Did You Get Salt?

First covered in February 2021 around 8 cents per share. Now trading near an 8x. SALT (then RMK) was the much better choice given it has gone from 14 cents to nearly $4 per share.

Salt Bounce

SALT gained 50-percent in the past two days. VUL's value is mostly its SALT holding and it was up 50 percent too. See the tags for prior discussion of these two.

Spock Wins

Always trades at discount to its holding in SALT. Is best to buy when the gap is wide, recently needed a 50 percent rally to reflect its Atlas holding. Now down to 34 percent. Above 50 cents, it should run. One of my top holdings.

I'm Technically Flat Now

I have been buying gold mining and energy shares, many listed below. These are small starter positions. Part of the reason for this is segregating my profits from options trading. I'm long energy as a hedge in case I'm wrong about it going down. I think stocks are done going down for a bit and look for IWM to rebound towards $209 per share as one example. The island top in Google is something I will be watching closely though...if that is a signal, it tells me the market might top out by Wednesday. I have short positions on a bunch of bond funds, TLT being the largest. Some of my positions are offsetting and the junior mining stocks are equity, not options. My VAR has collapsed after closing most options today.

Salt Keeps Running

Vulcan still trades at a discount of more than 50 percent to its holdings in Red Moon, essentially giving the rest of the company a negative valuation. The discount has been consistent since I first mentioned it in February, but with RMK quadrupling since then, VUL has also nearly quadrupled.

Salt Runs

I own VUL, which owns 28.8 million shares of RMK. That values VUL at a 30 discount to its RMK holdings alone. The discont widened today with Red Moon rising more than Vulcan. VUL has other properties, plus a 3 percent royalty on the salt project. If the salt project goes into production, the stock is still extremely cheap, but I'm not chasing it on thsi breakout.

Salt Run

Vulcan still trades at a ~20 percent discount to its holdings in Red Moon alone.

Got Salt?

Market isn't buying RMK move yet, if it breaks out, VUL should follow.

Red Moon Rising on Vulcan

Here's a stock that is trading at a 50% discount to ONE of its assets. Twetch link

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