Benric: Sorry, I have been away from the computer. Although I am not full conversant with all the 'ins-and-outs' of our situation, I want to respond since you are questioning one of the statements I made.

Everything I have read or heard so far leads me to the believe that your thinking was correct. You are entitled to the same exchange for your shares after the offer has been closed as before when you could still tender. The difference, as has been stated many times, is that while the offer was open, you were invited to tender your shares to the offer.

Now that the offer is closed, there is a process whereby Kinross can proceed to acquire the outstanding shares through a legal process. That is what we are awaiting now. I have been told we will be receiving a notice which requires us to either file as dissenting shareholders or do nothing, which will result in the exchange of ARU shares for Kinross shares and warrants as per the terms of the offer.

The actual process is described in the original Kinross offer, pages 53 to 58 I believe, which is in legalese and must be read closely and attentively to follow and comprehend. I am not able to summarize the whole thing for you and a summary would not likely adequately explain all of the twists and turns of the procedure.

I would suggest, since your are concerned, that you review the forced acquisition process in the offer, make notes on any points on which you require clarification and review them with your broker. Perhaps others on this Forum can explain the process more clearly. I certainly am hoping for that myself.

Meanwhile, to this point I firmly believe you are A-OK! Just don't take anything for granted after this or do anything, until such time as you understand what you are doing and are fully comfortable with it.

Regards, Orange Flash