Re: How does Kinross profit on the 15 million shares they buy from themselves?
posted on
Aug 26, 2008 07:15PM
The company whose shareholders were better than its management
Because all of the sudden Kinross shows up as one of his top ten holding in his fund way prior to the friendly aquistion.
Something smells rotten here! Hey Sprott, you reading this!
You can add BMO also...I have been watching BMO Precious Metals and Resources Mutual Fund, & the Precious Metals fund used to have Aurelian as its #1 holding up to a max of 5%, Now they have KinRoss at 7.9%!...of their top 10 holdings.
In their Resource Fund they have a 2.5% holding of Kinross..in their top 10, & no Aurelian. So how far do these insiders deals go?
Fairly Poohie