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Kinross Gold Corporation Message Board

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  • fat4eye1mikedell fat4eye1mikedell Aug 3, 2010 10:27 AM Flag

    RED BACK SHAREHOLDER WILL VOTE NO

    wrong !

    money talks

    if gold goes lower they will sell to KGC

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    • "<if gold goes lower they will sell to KGC>"

      Please explain.
      If this were a cash deal (fixed price per share), yes, then I would tend to agree.

      However, this is a share swap deal.
      If the POG goes higher, both K and RBI assets gain value.
      If it goes lower, the inverse is true.

      Costs of production (per ounce) are roughly equivalent (at this point).

      This deal is frankly not a particularly great one for RBI shareholders (I am one).
      It is at the lower end of "acceptable" in my opinion.

      I, personally, plan to vote NO, but I expect that many will not even bother to vote (which will automatically translate into a YES vote)

 
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