Less than 50% of total shares outstanding voted "yes"What a fitting epitaph to the ATAC story:
Disinterested management agrees to a lowball offer which is agreed upon by a minority of the otherwise disinterested shareholders.
Why invest in juniors if all you want is a piddly buyout after decades of hard work? I think all those who voted yes need to do some serious reflection upon what the essense of junior resource stock investing entails. If one just wants pedestrian returns, stick with the ETFs or mutual funds. You won't have to worry about nearly the risk while you eek out your small gains.
ATAC was a high reward, value-play which required a lot of patience.
What just occurred is akin to the inmates running the asylum and the doctors have been ran right out of the facility. OK, those voting in favour will get what they wanted all along: slow, boring Hecla paying a two cent dividend. For those deciding to hold on long term you'll be giving up opportunity costs by not investing in other juniors with a more engaged class of shareholders.
If you didn't have patience for ATAC, you'll probably sell out your Cascadia in due order. Well, you'll probably only get a penny or two for your shares, so good luck there!!