Timmins & Beardmore - Northern Ontario

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Message: Re: Kinross...
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Jun 23, 2009 08:21AM
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Jun 30, 2009 08:13AM
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Jun 30, 2009 08:56AM

"Ever think that Kinross could dump all their shares once this deal closes?"

Highly highly unlikely IMO. As at March 31, 2009 Kinross had $586.4 MILLION in CASH and another $811.5 MILLION in other current assets. I severely doubt they would bother to 'dump' a 6% stake in SGX for an insignificant (for them) $3 million or so at 6 cents. Even IF SGX went to 10 or 20 cents Kinross shares would still only be worth $5-10 million. Kinross has also clearly demonstrated desire to invest in promising junior exploration companies. No idea why you would think they would dump... please explain?

red911


Jun 30, 2009 09:58AM
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