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Message: Re: ... now I'm stuck with Kinross shares

Oct 08, 2008 01:21PM
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Oct 08, 2008 01:52PM
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Oct 08, 2008 01:59PM

Re: ... now I'm stuck with Kinross shares

posted on Oct 08, 2008 05:14PM

Kinross is cheap at this price and is a major so it will move up first on the gold recovery (as shown today) before the mid tiers and small caps.

I personally was not comfortable holding as much Kinross as I had so I sold the warrants and some of the shares and moved into other PM stocks that were beaten up as well. Some people like the risk reward of the warrants but I have always viewed then as a game of musical chairs. You don't want to be holding them when they expire if they are below the strike price. They are long dated so that does reduce the risk some.

Kinross has one of the best growth profiles in the gold sector but also has more risk than it peers.



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