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To: Claude Cormier who wrote (125600)7/27/2008 12:36:10 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 313662
 
"I lean towards K being taken over at much higher prices."

Baloney! Ain't gonna happen just like most predictions of takeovers that never happen or happen at a huge discount to true value. Claude you cannot defend the criminal activity in this sector that screws the little guy almost always. Even a double on Kinross would never give ARU shareholders anywhere near the conservative real value of 25.00 /sh

agoracom.com

WE INVEST IN JUNIOR EXPLORERS FOR NOTHING.
I would highly recommend that others follow this advice and get out of this market before they lose everything.

I suspect this deal is either going to be rejected by the OSC or its going to court.

Would you like to be that this Fall is a washout in the shares while the metals soar? That's my bet for a recession year and the bear market in gold shares



To: Claude Cormier who wrote (125600)7/27/2008 12:54:44 PM
From: kidl  Read Replies (1) | Respond to of 313662
 
Just a different thought on the ARU / K deal since most people acknowledge the (high) country risk and yet are expecting competing bids.

What about a backroom JV deal between K and one of the possible competitors? The bigger they get, the more risk averse they become and K already has a fair amount of country risk on their plate.

Backroom chat:
"The upside is huge. The downside is huge.
Ok, let's split the risk. If it goes sour, it won't kill either of us. If it goes well, we both look like geniuses"

Just a thought ...



To: Claude Cormier who wrote (125600)7/27/2008 1:15:34 PM
From: Proud Deplorable  Respond to of 313662
 
ATTN ARU shareholders...Do NOT tender your shares !!!!
----------

No reson to tender your shares

Posted by: ahead12 on July 27, 2008 09:07AM

Hi Folks, I was initially concerned about what could happen if one didnt accept the offer and the deal went through. Here is the excerpt from the SEDAR filing. We cant be forced to take less than the initial consideration if a white knight doesnt emerge (I like how Barrick is now possibly our White Knight haha).

I for one will not respond to anything from Kinross at this ridiculous offer.


2.8 Subsequent Acquisition Transaction

If, within 120 days after the date of the Offer, the Offer has been accepted by holders of not less

than 90% of the outstanding Common Shares (on a fully diluted basis), other than Common

Shares held at the date of the Offer by or on behalf of Kinross or an affiliate or associate of

Kinross, Kinross shall, to the extent possible, acquire the remainder of the Common Shares from

those Shareholders who have not accepted the Offer pursuant to Section 206 of the CBCA and

otherwise in accordance with applicable Laws (a ”

Compulsory Acquisition

”). If such statutory

right of acquisition is not available, Kinross shall pursue other lawful means of acquiring the

remaining Common Shares not tendered to the Offer. Upon Kinross taking up and paying for

more than 66

?

% of the outstanding Common Shares (on a fully diluted basis) under the Offer,

the Company will assist Kinross in connection with any compulsory acquisition, proposed

amalgamation, statutory arrangement, capital reorganization or other transaction of the Company

and Kinross or an affiliate of Kinross to acquire the remaining Common Shares (a “

Subsequent

Acquisition Transaction

”) provided that the consideration per Common Share offered in

connection with the Subsequent Acquisition Transaction is at least equivalent in value to the

consideration per Common Share offered by Kinross under the Offer and further provided that

for this purpose, in calculating the value of the consideration offered in any Subsequent

Acquisition Transaction, each Kinross Share and each Kinross Warrant shall be deemed to be at

least equivalent in value to each Kinross Share and Kinross Warrant, respectively, offered under

the Offer.

2.9 Alternative Transaction Structure

At the request of Kinross, the Company shall use commercially reasonable efforts to assist

Kinross to successfully implement and complete any alternative transaction structure that would

result in Kinross acquiring, directly or indirectly, all of the Common Shares (including, for

greater certainty, an Acquisition Proposal) so long as such an alternative transaction: (a) would

not prejudice the Shareholders; (b) would provide Shareholders with consideration not less than

the Offered Consideration per Common Share receivable under this Agreement and would

provide for the acquisition of all the outstanding Common Shares; (c) would not result in a delay

or time to completion materially longer than the Offer; and (d) is otherwise on terms and

conditions no more onerous in any material respect than the Offer and this Agreement. In the

event that the transaction structure is so modified, the relevant provisions of this Agreement shall

be modified as necessary in order that they shall apply with full force and effect,

mutatis

mutandis

, but with the adjustments necessary to reflect the revised transaction structure, and the



To: Claude Cormier who wrote (125600)7/27/2008 1:23:44 PM
From: Proud Deplorable  Respond to of 313662
 
President of ARU shadow company calls Anderson crazy as well, threatens legal action

"the smell of this whole sector is overwelming....shorting the juniors, manipulation of the SP's, straight out lies to the shareholders

holding back facts by management.."

"this had better be the worst first bid in history. Best find, best prices. Because if it turns out we are being screwed by our own management.....we're not looking for a frikken second opinion... we're looking for legal representation.

agoracom.com



To: Claude Cormier who wrote (125600)7/27/2008 2:41:53 PM
From: Proud Deplorable  Respond to of 313662
 
here is how so called shareholder rights plans work in your industry...

"the Board of Directors has by resolution deferred separation of the SRP
Rights with respect to the transactions contemplated by this Agreement
between the Company and Kinross until a time to be determined by the
Board of Directors (to be no earlier than immediately after the Expiry
Time), and has irrevocably waived or suspended the operation of or
otherwise rendered the Shareholder Rights Plan inoperative against the
Offer and the acquisition of Common Shares pursuant thereto with effect
as of thirty minutes prior to the scheduled expiry time (on the first
scheduled expiry date of the Offer upon which Kinross elects to take up
Common Shares deposited pursuant to the Offer)."



To: Claude Cormier who wrote (125600)7/27/2008 2:48:46 PM
From: E. Charters  Read Replies (1) | Respond to of 313662
 
15 years is a million ounces per year. $900,000,000/yr

Costs are $228 million/year for 4 million ton/yr operation. Net $672,000,000

After taxes net $201,600,000,000 based on Correa's 70% grab.

Shares out 155 million based on issuance of 30 million shares at 15 bucks to get into production.

Value at 12 times earnings is $15.60 per share.

Kinross's offer to them is a gold-in-the-ground offer worth about 18 dollars a share if K is valued at 40 bucks.

You don't buy things except to make money on them. If K wants to add something to their bottom line they have to get more out of it down the road than they paid for it. They are paying for it in share dilution. If they pay share for share @ 24 bucks for a share of K, they lose value in those shares( probably 40%) and gain nothing.

K has 615 million shares out. They are paying 43 million shares or 7 per cent of their capitalization. This will earn K perhaps 30 cents per share add $3.60 per share in increased value after funding the project with 25 million shares @ $20.00.

Fair deal for ARU people.

EC<:-}



To: Claude Cormier who wrote (125600)7/27/2008 2:49:32 PM
From: Proud Deplorable  Read Replies (1) | Respond to of 313662
 
"A very special situation. They found a gold deposit, of what he thinks is 10 million oz. Probably the best discovery in more than 10 years. There is a good chance this company will be taken over before the year-end, and could be at between $45 and $75."

Jean-Francois Tardif ........2007

Apparently here is yet another liar shill who doesn't mind sucking in the small investor with his BNN TV show BS. These people evidently don't care about their reputations anymore which is yet another good reason to abandon this sector. One doesn't see loudmouth Embry around much either these days.

Please remind me why Sprott is any better than the rest of the scumbag operations out there like Haywood or Cannacord which is my opinion. They have 10 million shares, are they going to roll over and screw their followers?



To: Claude Cormier who wrote (125600)7/27/2008 10:12:03 PM
From: Proud Deplorable  Read Replies (3) | Respond to of 313662
 
Claude I noticed that you suddenly disappeared after making this statement in which you claim that there is some kind of political risk in Ecuador that ARU-X should see but that Kinross doesn't see.

"In either case, investors will have nothing to complain about, except maybe, the socialist move by Ecuador."

I still question why you apparently would side with Kinross instead of condemning this takeover publicly or do you not really care how much this damages the junior resource sector, that you also make your living on, as almost everyone is now saying. Do I have this right?

Seeing as not one CEO of any company doing business in Ecuador sees anything wrong with the changes in the mining climate there who do you keep bringing up the political risk? Do you own ANY shares in any company with political risks? Do you recommend your readers to buy any shares in any foreign mining companies in '3rd world' countries and is so why? Why does ARU-X get a bid about 1/3rd the value of BGO offer while gold prices are 3 times higher than when that deal was made? In view of this do you not think an offer of 25.00 would be appropriate? No? then at least one full share of Kinross?

Since this is your expertise your voice against the deal would be useful to your readers so as to show them that you are on their side and that they should continue to invest in junior gold companies and that they have a fair chance of realizing proper gains on their speculation. We know you are not on the side of Kinross here are you? Matter of fact I'd like to get a straight answer yes or no, do you like this deal? I might have missed a previous statement by you on this and if so please refresh my memory.

=====================

To the Ontario Securities Commission:
Aurelian has entered into an agreement with Kinross to sell all shares of ARU-X. Besides this agreement Aurelian has also colluded with Kinross to issue a private placement to Kinross for 15 million shares so that they ( Kinross) will be able to vote these shares in the proposed merger giving them an unfair advantage to other possible offers. To boot, these private placement shares are at a price ($4.75) below what Kinross is offering under the merger ( about $ 8.20).....Obvious collusion is illegal.