If this is such a great offer why does Kinross advertise a dishonest $8.20. There is no cash involved!! Their offer is ($18.32/.317 = $5.78) + ($3.50 / 1/7 = 0.50) = $6.38.

Why does Kinross need to feed the media the $8.20 figure that distorts the nature of their offer? Because they are attempting to mislead shareholders & pull a fast one. This is a point I have emphasized in all of my emails.

How about offering present shareholders stock at $4.75 & Kinross can pay $8.20 for their shares?