Cascadia Minerals Ltd V.CAM

I repeat myself!

[givemeabreak1]

The current value ie today of the Hecla offer to ATAC shareholder is just over .18 a share.  The question is will it stay there or go higher?  Or should you sell at a discount today if you think it goes lower.....

[goldennorth]

Good Morning. Just a quick question on the evaluation to ATAC shareholders of just over .18 a share. If you have 60,000 share what will you actully get in return?  Somehow I end up overall with  less money, even with the U.S dollar converion. Does it  depend on what the Cascadia Minerals Ltd end up starts trade at ? Thank you so very much! "The consideration will consist of

[givemeabreak1]

The implied value of the spin out in accordance with the news release is .036 plus current price of Hecla times .0166 times exchange = .147 so to current value is .183 cents per share.

[Pandora]

Does that mean the implied value of Cascadia is $0.036 per share? Not quite sure what you are saying with that formula.

[givemeabreak1]

If I am reading it correctly you will get 6000 shares of the spin out which is valued at .36 a share ie expected to start trading around that level depending upon market and commodity conditions by the time it starts trading.  So 3.6 cents implied value times 60,000.