Just my opinion here:
With the latest geopolitical issues coming out of the Georgian conflict and Russia beginning to make noises about suspending current WTO agreements and possibly scrapping their bid to join the WTO I believe the investment climate in Russia is far riskier now and going forward than Ecuador was or is.
For Kinross this must be a large concern.
And if I can come up with these concerns I have to believe that the institutions have already assessed these risks and will withdraw any ideas that they had of tendering to the current offer.
Kinross cash will be the only acceptable currency to any institution
Going forward, there is a far greater chance that K sp will tumble than there is of ARU's tumbling.
Just my thoughts...I am no economist or analyst, but consider that the mutterings of some small SA government can shake our stock down to pitiful levels, what do you think those same analysts are thinking about Putin's actons/remarks?
Just my musings before our open.