excellent post, a lot of good thoughts

the smell of this whole sector is overwelming....shorting the juniors, manipulation of the SP's, straight out lies to the shareholders

holding back facts by managament...I thought they were doing this so they could strategically issue news releases during a bidding war....

now I am wondering if it was just to keep us stupid

not long ago we were looking at some buys at $300+ per oz insitu, when gold was what $700? $500? but now of course gold has gone up beyond $1000 at one point, and calls for double that...just another reason this should be given away

we've watched the development of the mining law, perfectly acceptable according to our management before their lobotomies, but now...just give it away

I still maintain $25 is a steal, anything less is rape

They lower our sites so much that we just forget about the facts?

Ecuador is mining friendly, the mining law will be mining friendly, the royalties reasonable, 13.7 m oz is just the bare minimum, I suggest the new Micon numbers will identify more than 20 m oz. and who will benefit from the timing of that release..the ARU shareholders? the ones that stood by ARU when it was $3.00? the ones that have been around for 3 years? Patrick: we didn't get the 19 cent options OK? we paid for our shares, some paid $43 pre split....don't forget about them

So, what this friendly deal does is screw the shorts (some of whom may be involved with the major) and puts the company in play. All the majors need to decide (1) if they are going to let Kinross steal this company (2) how much they can make Kinross pay without having to buy it (3) how much they are willing to pay to own it. The unfortunate 15 million share dilution to us also dilutes that one major's share position who was making a stealth play.

As I've said, it's going to be hard to answer those questions at the next Barrick, Newmont, Goldcorp AGM. why didn't you bid on ARU?

Now you bring us a POS shit from a junior having 3 million oz for how much an oz insitu? when you could have had ARU?

My thoughts keep going back to common sense. Sorry, I'm just wired that way. Others need ARU. Even worse than Kinross. This was a ploy to force bids. Management saw it could be late 2008 before the mining law surfaces, good or bad. In the meantime there are forces manipulating our price, and collecting shares..as said, legally or otherwise. The only thing worse than shorts getting paid, is a major stealing our shares under our nose for next to nothing.

Secondly, they may think they pull the wool over the retails eyes...all of a sudden it doesn't matter that we have 20 m oz, all of a sudden it doesn't matter that the past few sales were in excess of $300 per oz insitu, it doesn't matter we are a world class find, it doesn't matter someone will save building 9 other mines/smelters because we have this many oz all in one location, it doesn't matter the labour rate is so cheap in Ecuador vs. Canada, it doesn't matter gold is almost $1000 and will be double that, it doesn't matter the copper on our property is worth as much as the gold, it doesn't matter that we have dozens of gold targets yet untested, 95,000 hectares, it doesn't matter aerotem was flying and found what? it doesn't matter we haven't released 80 some drill results.....

ARE WE JUST STUPID????

the question is...

ARE THE FUNDS ALSO STUPID????

this had better be the worst first bid in history. Best find, best prices. Because if it turns out we are being screwed by our own management.....we're not looking for a frikken second opinion... we're looking for legal representation.

so let's get the balls rolling on alternate bids, and let's get serious about what this pig is worth. Cut the crap on the $8.00 and $32.00 warrant insults.

Pay us what it's worth, or we'll scrap this deal, pay the 43 m break out fee, and mine the son of a bitch ourselves

safeharbour