RE:RE:Less than 50% of total shares outstanding voted "yes"Funny you should mention SMDZF, I used to own many shares but migrated out of it 3 years ago. I still have my spinoff shares (TG) from my holdings although it is about as exciting as watching paint dry.
My two largest holdings are WRN and DSV as I believe both will be acquired within the next couple of years at substantially higher prices. I have bids in on those at lower prices. I think we are going to see the markets rolling over soon and all equities will be on sale.
Yes, I was hoping we on the good ship ATAC could've held out longer as this would've easly pushed the 30 to 50 cent range in a renewed gold bull and if a buyout happened then you'd be looking at over 50 cents a share easily.
A nice alternative to ATC if you want to re-position yourself into gold optionality is THM (ITH).
I'm a bit on the fence if I want to stick around long term with Cascadia. I"m really pi**** that we couldn't keep Connaught. LIke, does an investor want to wait another 20 years and then find out that management doesn't have the appetite to push through with permitting and wants to cut bait at the first hint of a lowball offer?
Maybe the best tact to take is to take it as it comes and dump at the first spike if one is in the cards. If you look at the press release that HL is putting in $2mm to Cascadia for a 20% stake you could theorize that the value of Cascadia is $10mm. Divided by 27mm shares is upwards of 40 cents a share. If I am lucky enough to see Cascadia at 40 cents USD or higher I'll probably cut bait and run. My guess is that we'll only be around 15 cents USD though, meaning I'm probably stuck with these shares for quite some time........as a constant reminder of how we were dutched out of our ATC shares.
Just goes to show you why vetting management and the shareholder base are SO important.
I should've seen the red flags on this one, however, the siren song of getting back even a portion of the all time highs of $10 were too much to pass up on. I'm not going to beat myself up on this, management just sold out WAY too early. You win some and you lose some.