I still keep all my warrants, but I have sold off 2/3 of the ARU converted K shares. There are simply too many other bargains out there right now.

I flipped those K shares for what I thought to be higher potential investments within the next 12 months - i.e., the very beat uo base metal stocks (mainly copper). My assumption is Kinross would be hard pressed to double its SP to say $40, whereas the new stocks I pick up could easily triple or quadriple their current shares prices if the economy recovers.

Of course just like everything else, K shares are still gaining though moderately, the new shares I acquired are taking another round of beating. Serves me right, but I think I should be right in the longer term. I hope anyway.