http://incakolanews.blogspot.com/200...

Thoughts on this from anyone?

FWIW*, I don't think we'll see a counter bid for Aurelian. Kinross (KGC) has made itself the target for the majors by bidding shares (not cash) for Aurelian (ARU.to). Now the big big players like NEM and ABX can sit back, relax and watch the whole thing unfold. If Fruta Del Norte gets the green light and KGC is shown to have made the right decision, then NEM/ABX/whoever buys out KGC, and gets the prize along with all the other KGC assets. If Fruta Del Norte blows up in KGC's face, then Kinross mgmt will look pretty dumb for blowing the paper equivalent of over a billion dollars, and thenNEM/ABX/whoever will be able to pick up KGC at a bargain price...in fact, KGC shareholders will beg to get the current mgmt roster off their hands.

So Newmont/Barrick etc have a no-lose proposition now. That's why I think there won't be another bid, and the PPS action in Kinross is shouting that at you right now.

*not much