Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Kinross Gold -- Ignore unavailable to you. Want to Upgrade?

To: Peter Neidhardt who wrote (98)	2/9/1998 9:16:00 PM
From: Pierre Aydin	Read Replies (1) \| Respond to of 530

No idea<eom> Pierre

To: Peter Neidhardt who wrote (98)	2/9/1998 10:58:00 PM
From: Mark Kubisz	Read Replies (1) \| Respond to of 530

<<What will this do to K's share price tomorrow? That's a guessing game.Poster on the Amax thread says Amax book value is about $2.50. Amax holders who were hoping to make a killing on a takeover can't be too happy, because they're getting only about $3 U.S. a share (that's roughly the value of 0.8 of a Kinross share), that's less than the stock's close today. So based on that, Kinross is getting a good deal, doesn't sound like they are overpaying. Should be good for Kinross's stock price. The fact that this deal moves Kinross into the big leagues in terms of gold production and apparently allows it remain as one of North America's lowest cost gold producers has to be seen as positive. If it were Placer Dome or Barrick buying Amax, I'd say for sure that it would give the whole gold sector a boost. Is Kinross large enough to have the same effect? I think so, because people will automatically start speculating on who the next takeover candidate will be, but I'm not sure. Anyway, that's my guess.