i will not tender, i want no part of kinross, and here is why.

several years ago, silver standard invested in a project in siberia called lunnoe. after investing millions of dollars, the russians changed the rules and basically said "this belongs to us now."

sso had to sue them, the sso stock price crashed, and they finally got back pennies on the dollar. under putin (i know medvedev is now president, but prime minister putin is still running the show)russia has no respect for property rights, no respect for contracts. he is a strongman who makes up the rules as he goes along.

i never wanted shares of bema because of the exposure to russia, and i don't want kinross as long as they own (or think they own) kupol. when you invest in russia, it isn't a risk, it's a guarantee of confiscation.

a smart man learns from his mistakes. a wise man learns from the mistakes of others. tye burt has yet to learn that.