Recent

% | $
Quotes you view appear here for quick access.

Kinross Gold Corporation Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • revenant_08 revenant_08 Aug 3, 2010 12:02 PM Flag

    RED BACK SHAREHOLDER WILL VOTE NO

    "<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)

 
KGC
5.17+0.14(+2.78%)Jul 29 4:01 PMEDT