Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Re: With regrets...
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Sep 17, 2008 12:18PM
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Sep 17, 2008 06:42PM
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Sep 17, 2008 08:24PM
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Sep 17, 2008 09:03PM

"Been There" posted this very good summary, which has been re-posted by Kerrisdale Sep 23rd 12.32 PM. One thing, as observed by others after the original post, the sequence given if and when Kinross has acquired 90% of the Aurelian shares is somewhat incomplete and misleading.

As has been stated without contradiction a number of times, if Kinross goes to Court to force acquisition of the remaining shares, rather than the original offered price, they are required to offer a fair price, and both parties can make submissions to the judge as to what that fair price will be.

Also, as mentioned in other posts, the fair price will not necessarily be only a small increase over the original offer, but could be substantially more, if the evidence made available supports such a valuation.

Having said that, it is still a difficult row to hoe, as after all, more than 90% at that point have already elected to accept the original lower offer. By the time of this hearing, though, circumstances could shed a much different light on the price, and besides, we will be able to point to the malfeasance surrounding the offer.

TIME IS ON OUR SIDE!


Sep 23, 2008 05:37PM
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