Thanks for this great post. It is good to hear what other analysts think of this offer.

"I think it is a fair valuation given the risk and exposure to a junior company. Given the risk associated with the country and the stage of the project, I think it is a realistic valuation," Haywood Securities mining analyst Andrew Kaip told BNamericas.

It amazes me how much we keep hearing from analysts and others talk about the political risk etc... If the market priced our shares in the $9'ish when there were more uncertainty, what common sense is the current offer by means a fair valuation? I'll repeat what others been saying all along too, the political situation is better now than before. Kinross management are no dummies, they know the Ecuador situation very well. They are not speculating here, they know Ecuador will allow mining in a fair manner. These analyst should really get off their behinds and start doing some real research rather than echoing the ignorant comments of the whole.

Once the mining law is released there will be no more excuses for this "political risk". The SP offer should at least be 75% higher IMO.

The takeover is subject to approval by two-thirds of Aurelian's shares.

According to Haywood's Kaip, Aurelian's management already owns some 10% of company shares, and after the private placement Kinross will also control about 10%.

Well that is 20% only, so they need 46% more. We got a chance to block this deal everyone. Funny how Ecuador is voting on this upcoming referendum and we too are involved voting in something that is big for us.