0.317 times 18.7 share price of Kinross on close is $5.93. ARU close at $6.31 implies some value for future warrant but this is not cash today. Say Kinross is going to $75 in five years. Profit on warrant is $43 for each 7 shares of Aurelian, because each share gets 1/7 of a warrant, or $6 per share...if, if and five years!! $6.31 is a stink bid, I agree, but why tender management shares, recommend it, give $42 million guarantee and sell 15 million shares when you do not need the cash to develop a mine? It stinks so loud, that I do not have polite words to describe it. I agree only that the shorts will use this PP to cover,. so the perpetrators of the manipulation are buying the company with management's blessing. I want to believe that Patrick is concerned about the share price, but I've just had a few too many lies from them.
Our beloved Safeharbour is strongly hinting at events to come that will turn us into believers. I respect Safeharbour for all the good work he's done, but is it too good? Is he being too naive? I think so. I was firmly under the impression that the only offer management would accept and fall all over would be a generous one (like Virginia Gold), not a highway robbery that has the affront to publicize a very misleading $8.20 for all to see when reality is ....$6.31. THE MARKET HAS SPOKEN! Look at the stink bid, but do not recommend it, endorse it and wrap it with gifts, diluting shareholder value. What other lies and deception hide behind these latest maneuvers, just before the mining law, withholding results of additional ounces, etc. Sprott and the other funds save us from management, please.
