Reading Feerless's great post below his 20% or less shares to be tendered guesstimate caught my eye... I've been thinking 40%ish

So I went to sedi.ca and counted up the insiders shares...

They ONLY have 4.4million shares between the scumbags.

Are they brave enough to borrow money to exercise their options? They haven't yet.

So 4.4 + 15million from the PP are locked in ...call it 20 million. 20million in the bank gives them roughly 12% as a starting point...

We got 165million fully diluted.

The funds that seem to be supporting the deal decided to cash in early. The buyer of those shares is surely hoping to profit so they can't be in the tender camp. Me thinks some people have underestimated the greed of a few funds that seem to have jumped the gun on this. Me thinks feerless might not be all that far off although even now, I'm thinking close to 30% must have tendered.

The trade now (for me as I do not provide investment advice EVER on message boards)is short Kinross and long Aurelian. Failure to attain at least 50% means they will have to up their bid or walk away.

No way kinross catches 50%.

No way I tender my shares to this piece of crap deal.

Put your helmets on boys, I've been pushed as far as I'm willing to let myself get pushed.

Buck