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Kinross Gold Corporation Message Board

  • bjornbjorg bjornbjorg Mar 18, 2013 10:40 AM Flag

    mroland200, you posted

    "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"

    **********

    Good call on the last kinross writedown before they took the writedown. Do you think that Kinross willl use the writedown room that thye have left and if so when? Nice tie-in with you post about FDN and then Barrick getting hit by the DR for more of the pie just one day after you posted. Nobody replied and nobody commented on that. Just mouthy guys calling everyone a loser and then posting about stories that were out a week ago. Keep up the good posts and thanks for the past recs.

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    • First, it is better for cash flow if FDN is delayed. In addition, I hope we will be pleasantly surprised by the upcoming PFS. If there is some higher grade gold located in Mauritania, and there are indications that it is possible, even the smaller operation could generate almost as much gold as was originally planned. If you mill half as much dirt, but grams/tonne is double, you get the same amount of gold. See initial drilling results outside Tasiast, but in proximity.

 
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4.10-0.04(-0.97%)Apr 15 4:00 PMEDT

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