Good morning to you all. I'm still asking for clarification and have 2 calls into Kinross but I believe this is far from over. Without the 90%, Kinross can not delist Aurelian shares.

"If Kinross is successful in acquiring 90% of the shares of Aurelian under the offer (excluding those shares acquired in the private placement), it intends to acquire all of the remaining shares by compulsory acquisition.

...and then, ONLY IF they acquire 90%....

Upon completion of the compulsory acquisition or alternatively, of a subsequent acquisition transaction, Kinross intends to de-list the Aurelian shares from the Toronto Stock Exchange."

"Upon Completion" .. Clever writing by Kinross to make it seem like this is a certain event, when it is far from a certain event. Why?

Right now, including their private placement shares and the employee stock options, Kinross is sitting at 80%. They need to acquire 10 of the remaining 20% - or 50% of those shares that were not tendered - to get to 90%.

I don't see how 50% of those who did not tender will suddenly change their mind and surrender/tender their shares. Does anybody here intend to tender their shares during the extended offer?

This is far from over. First battle lost but the war is far from over.

Regards,
George