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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: TheSlowLane who wrote (124992)	7/24/2008 7:38:44 AM
From: Condor	Read Replies (2) \| Respond to of 314044

The question is. Sell at the premium now or hold the K shares? I think I'd sell at the $ 8. Holding leaves one open to $ gold price fluctuation and dilution of the play purity as It is melded into K's stable. I also thought the premium wasn't bad all things considered. K got it for $ 77 oz. in the ground.

To: TheSlowLane who wrote (124992)	7/24/2008 8:08:51 AM
From: ogi	Respond to of 314044

In the context of the current market turmoil I think the premium to recent trading is very favourable. In the context of historic takeovers Kinross is getting ozs cheap!!! Looks like a very smart move on K's part. We know K is getting over 13 m ozs but we also know there is probably more as not all drills included in current resource estimates. Then there should be blue sky as well. Not sure to what extent their is a political discount vs a current market discount. Arequipa same takeover price for about half the ozs with POG at almost half today's price!! ( very rough numbers) Cheers, Ogi