Re: Everybody don't get tied in a knot
in response to
by
posted on
Jul 26, 2008 03:50PM
The company whose shareholders were better than its management
That is possible but probably a lot more logistically difficult. Kinross is quite large now with properties in NA, SA and Russia. It's pretty safe to assume that none of those properties compare to Aurelian and who knows if a Barrick is even interested in those properties. We do know that many seniors are interested in Aurelian for a fact.
It would be far easier, quicker and much cheaper (as we've seen) to just snap up Aurelian for 15 dollars or whatever a share then go through a lengthy ordeal to snap up a high end intermediate.
Many of these intermediates have been around for awhile but never had a bid to my recollection....Eldorado, Kinross, Yamana, Agnico-Eagle, Iamgold etc.
The final reason why is that I'm pretty sure Kinross' experienced management (if they manage to acquire ARU) would likely value Aurelian much much higher than what our esteemed management does and thus in turn cost a Barrick or Newmont much more in a Kinross takeover.
Just my 2 cents.