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Cascadia Minerals Ltd V.CAM

Alternate Symbol(s):  CAMNF

Cascadia is a Canadian junior mining company focused on exploring for copper and gold in the Yukon and British Columbia . Cascadia's flagship Catch Property in the Yukon hosts a brand-new copper-gold porphyry discovery where inaugural drill results returned broad intervals of mineralization, including 116.60 m of 0.31% copper with 0.30 g/t gold. Catch exhibits extensive high-grade copper and gold mineralization across a 5 km long trend, with rock samples returning peak values of 3.88% copper and 30.00 g/t gold.


TSXV:CAM - Post by User

Comment by Heywood_Silverson Jun 15, 2023 8:17pm
135 Views
Post# 35499234

RE:RE:Something to consider regarding M&A vote

RE:RE:Something to consider regarding M&A voteYeah, I get that there currently isn't another option on the table.  That being said, Hecla isn't the only potential suitor out there either.

We are now potentially tied down to the HL share price.  Trust me, ATC on its own would double faster than would Hecla's share price.  In HL's stable, Rackla is just a footnote and almost all upside leverage will be lost for a very long time.

Under HL, you will be left with a choice:  cut bait and take your losses or hold on and hope that within the next year that HL can increase 50% to 100% so you can break even and move on.  With a practically non-existant dividend, not many shareholders will have an appetite to stick around very long with HL.

Cascadia might end up being something, but HL's parting gift (salt in our wounds?!) is swiping Connaught from us, thereby HOBBLING Cascadia right from the get-go.  And let's be honest, HL will hang around Cascaia and snatch that away from us too if it ever pans out to be anything.  Like a predator, HL's shadow hangs heavy over us.......

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