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Kinross Gold Corporation Message Board

  • chicosan3 chicosan3 Mar 15, 2013 7:31 AM Flag

    its safe to

    everybody that owns this company is losing some money ..losing a bunch of money or is buried...........

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    • I would say that your post content would qualify as "spam" under your own set parameters, Cheeky.

      Now, the PFS for the RedBack property is due out next month, according to Kinross management. "New" management still has about a billion or so in goodwill that they're able to write down (off). Let's just hope that their old habits are in fact old habits. A scaled back production model (to the tune of 50% or original plan) looks to be what they're going to implement.

      FDN negotiations are ongoing, but it would seem that the government there is going to go for more than what Kinross had hoped to share. I think that will be delayed and delayed and delayed. In short, don't hold your breath waiting for an outcome on FDN any time soon.

      Lastly, I don't' think that Kinross has much left in the acquisition wallet, although I do think that they might be looking at B2G, given its proximity and their past relationships with Clive. Anything else that they might decide to do is going to further dilute this already over-diluted stock.

 
KGC
2.78-0.06(-2.11%)Mar 2 4:00 PMEST

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