I can appreciate ARU shareholders being bitter, but Tye Burt and company just saw a good opportunity and went for it. Actually, if they had waited longer they might have gotten an even better opportunity. It sucks to be sitting on one of the best deposits, completely undervalued, and to lose a lot of money in the process.

For a K shareholder I see where you are coming from. Like I commented earlier, without the Kinross "steal" of ARU, its share price could easily be be around $0.5 to $1.00 by now. From that perspective I guess you can say that Kinross paid too much. LOL.

Well Kinross did not lose any money in this deal since all it did was paying for ARU with shares and warrants - and NO CASH (maybe just the under the table payments). The worst thing to K is this dilutes its EPS slightly for 2008, but it costs Kinross virtually nothing to just sit on FND for a while until the Correa gang got booted out after the people got tire of them. And who know what will happen by then.

The only sad thing is FDN could have improved a lot of lives in Ecuador and a stupid government managed to totally botched this real gold mine.