Cascadia Minerals Ltd V.CAM

Why Viictoria has to be kicking themselves right now

[Heywood_Silvers]

When it is all said and done the effective difference between the HL offer and the Victoria offer boiled down to HL allowing us to keep the weaker sister properties (Pil & Catch) whereas Victoria didn't.

All Victoria had to to is to tell management you can keep your cow pastures so as to continue to have a job after the merger and they likely would've been the ones ending up with Rackla & Connaught.

Really, really stupid in retrospect - Victoria could've EASILY picked off ATAC.  I"ve never seen such a piss poor bunch of sutiors in an M&A buyout as this.  One had to "announce" their buyout via a press release that an offer had been yielded at literally the deadline date before the offer expired and the other one had to play games with the share exhcange ratio even though they were already stealing shares right out from under our feet.

This really was a textbook case of why so many investors shy away from the junior resource sector.  The fact that over $140 million was poured into the company and then it was sold for only 20% of that amount is just sad.

[Markcalgary]

Went and looked at the Sedi report on the holdings ....Same group that ran ATAC into the ground.  Given that shareholders of ATAC will recieve shares in the spinout, with this group in charge....my unsolicited advice is run for the hills.  Cant imagine that if there is any market whatsoever that Barrick wouldnt love to get off their holdings....not sure why they havent already. 

[Heywood_Silvers]

Graham & company have a lot to prove this go around, that's for sure! The only saving grace may be that Catch is near a powerline & paved road (two things that Rackla did not have) and that hopefully Hecla is a bit more engaged in seeing success than say Barrick was. Because I'm underwater on the shares from the get-go, I'm more or less going to be hanging around for awhile.&

[EvenSteven27]

Heywood, Cascadia is on my radar. Catch and Idaho are adjacent to Casino. Also, discovered by stellar geologist, Jack Milton. ATAC Rau Property had lots of potential. Tough sell to FNs. Whitegold District is much more mining friendly. Good strategic move to neighbor Casino as Rio Tinto and Mitsubishi take over. Not ready to snap. But watching. 

[EvenSteven27]

Thanks, Mark! Maybe I'll stick with Casino, after all. 

[Heywood_Silvers]

ATAC didn't have the patience to navigate the political landscape in order to maximize value for Rackla.  Hecla shouldn't have any problems eventually getting Rackla through permitting as they entrench themselves at Keno Hill and establish themselves as a major, legitimate player in the Yukon. From Hecla's perspective, I can't fault them for pouncing on ATAC.  There

[Medici]

One thing to remember is Graham and Co. were also steering the ship when ATAC had about a 6,000% run over a 25 month period from 2009 to 2011. There are not many groups out there who have a feather in their cap like that and it wasn't really a flash in the pan run either, they managed to keep that run going for 2 years up until the markets shifted. But oh, how quickly we forget. In my view the

[Heywood_Silvers]

One interesting tidbit is if you compare the market cap for Cascadia agasint the market cap of ATAC prior to the buyout hoopla, we are at about 1/2 of what ATAC's was.  This is actually somewhat encouraging since Rackla was so well advanced and we are completely back to square one with Catch and Pil. In the end, Hecla with deeper pockets will be able to cut through the red tape and bribe