Here is the comment from Tye Burt CEO of Kinross. Please tell me with a wink wink nudge nudge or something that there are more bids to come.
As it stands this deal makes no sense for Aurelian shareholders. The premium is minimal considering we were driven down to 4.45 yesterday.
I have spoken to several people and none think this is even close to fair value.
As you can see by Tye's comment he is more than comfortable with any political risk.
``We've had a number of meetings with senior government officials and believe that they will be supportive of the direction, which we are discussing,'' Burt said today on a call with analysts and reporters. ``We believe the country is headed in the right direction.''
The new law is ``not going to contain any substantial surprises,'' he added.