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Kinross Gold Corporation Message Board

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  • tvxmlt tvxmlt Aug 3, 2010 8:19 AM Flag

    RED BACK SHAREHOLDER WILL VOTE NO

    Yes it is possible that the Reback shareholders will vote yes. But Kinross shareholders will vote no. I was assuming the no vote since Kinross shares will drop to the price that the market perceive as fair value for the Red Back Mining shares. The premium will disappear. Also Kinross's float will ballon to over 1 billion shares. Barrick with 900 million shares is trading at $40 and they mine 8 million ounces a year. There is no growth potential with that amount of shares since in 5 years they will be half of Barrick current production. The most the shares will be worth is $20 if it were trading today.

 
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