Yes the seemingly steal of ARU by Kinross back then did prove to be a blessing in disguise ... so far anyway. I was like you totally unset about this deal, which looks better by the day. Yes, I was again like you claiming the warrant as "worthless". And I am glad that I was wrong... again so far.
The current market condition has taught me one valuable lesson - that nothing is for certain and never put down your guard.
On this note, let's hope the miseries of 2008 is history and 2009 is a bright and prosperous year for all of us "ARU veterans".