In my opinion K only wants 50.1%. And ARU BOD knows it and accepts it!

Think about it:

1. They only require 60million ARU shares tendered. Only need to issue 19 to 20 million shares - which costs them nothing at all.
2. Shareholders of K are ok as the dilution is minimal. No impact to cash - of which K has $900 million
3. They have control. They put their own people in place
4. ARU chugs along, press releases come out fast and furious - K shares rise, so do ARU
5. No hostile takeover, except at a very high premium - obviously K management know how to do business. This will be a MBA session one day- how to fleece the little guy - taught by Tye Burt
6. K gets a huge tract of land, lotsa gold and it did not cost them anything other than $75 million for the PP.

Ok, so I am ranting a bit here but this is how I see it.

Unless someone, Newmount, etc, decides that Ecuador is worth the risk, I see K getting their way.