still here, still holding on, waiting for better days to come. based on this offering, it looks like management has less confidence than i do. i think after last year's massacre, they wanted to raise capital at any reasonable price, and 17.25 looked good compared to last year's single digits.

i expect to sell the warrants if and when they are in the money, as they won't be providing as much leverage once they have intrinsic value as they do now. but even if kinross shares appreciate at 2x the rate of the gold price, it would take gold at $1200 for kinross to reach 32. but then the warrants still have nearly five years left to get there. at that point i will probably sell most of my shares too, since my portfolio is already overweight in kinross thanks to the aurelian debacle, and if kinross were to reach 32, it would be seriously overweight.