I guess the Kinross Offer Could Have been worse
posted on
Aug 27, 2008 10:06PM
The company whose shareholders were better than its management
Rusoro made an offer for Gold Reserve.....below quote from President of Gold Reserve....
"In an interview Wednesday, Mr. Belanger, Gold Reserve's president, pointed out that the Rusoro offer, worth about $90-million, comes at a time when the company has roughly $105-million in cash."
I'm just glad that Kinross didn't think of that or they might have squeezed that proposition right past our BOD !! At least the Gold Reserve President rejected the offer !!