I posted a comment earlier in the week and had very little feedback on it. It would appear that very few people are interested in fact based posts at this point.
For those of you who are interested in fact based posts (ie. no personal insults and outlandish predictions), Kinross filled an insider trading report on Sept 24 as required by law that advised that they had taken up and paid for an additional 598,350 shares bringing their total to 139,287,810.
Less the 15M PP this gives them 124,287,810 out of outstanding of 152,289,000 - 15,000,000 = 137,289,000.
124,287,810/137,289,000 = 90.5%.....sorry
Thanks for that G4G. FWIW, my numbers come out the same. I was going to post this in reply to aitakahashi:
There's an old expression in the mining biz:
"Scare you out or wear you out"
I think they're pretty much done with the scare you out part. My guess is they'll just wear us out by continuing to extend the offer. As far as I know, there's no limit to the number of times they can extend.
Which, as confirmed by consulting my Magic 8 Ball, was correct.
So.... on to the class action suit, eh? I say we sue for $60/share using the Feerless valuation model as exhibit "A"
ebear