Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

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Message: The value of the Kinross offer?

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papiergeld

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The value of the Kinross offer?

posted on Aug 08, 08 06:12PM

Basic calculation with simple assumptions:

K offer	K share	K offer	K share	K offer
		Then		Now

0.3170	23.00	7.28	16.64	5.27	Share swap
0.1429	32.00	0.92	23.15	-	Warrant
		8.20		5.27

This is just my simple calculation and you should do your own calcuations. But from mine it seems that the offer based on Friday's close is substantially lower than the $8.20 apparent value of their offer. Their offer is based on their share value which is losing value as we speak. Their offer is not based on cash so in my view their offer has significant risk associated with it.

Based on their currnet share price I don't think their warrant has any value, it would require a 100% growth to have any value.

I will be lossing my mind to tender my shares at what they are offering!

Please do your own calculations, as I have said this is a calculation I have used for my own purpose.

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