Re: Won't Tender

Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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aitakahashi

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Re: Won't Tender

in response to

Won't Tender

eagler27

posted on Aug 29, 2008 09:46AM

If this correctly reflects the opinion of shareholders on the value offered by Kinross, why in the world don't we see a competing offer?

Are the Newmonts and Barricks waiting to see the response to the Offer....that doesn't make sense to me. It seems that a competing offer, if made, must be made now.

there are 42 million reasons why no one else has bid. if (when) the offer fails, kinross doesn't get the break-up fee. if a major steps in now with a higher bid, they have to pay kinross $42 million. if they wait a week, kinross gets nothing...except 15 million shares at a giveaway price, and all the other millions of shares tendered by people who were too spineless to hold on...nice deal, kinross.

"The Support Agreement provides that the Board of Directors of Aurelian may under certain circumstances terminate the agreement in favour of an unsolicited superior proposal, subject to payment of a termination payment of $42 million and subject to a right by Kinross to match the superior proposal in question."