yes, it is true that aurelian would be trading lower than $8.80 if it were still an independent company. but the size of the deposit and the potential of ecuador was such that i was willing to hold my shares as long as necessary until they proved up the resource. patrick anderson and his cronies weren't, so they took the money and ran. i see an unexplored country with the same geology as peru, and aurelian had a district sized land package with lots of targets waiting to be drilled. now the only way i can participate in that is to hold my kinross paper, and get only a glancing bite of it, spread through a much larger company.

one last thing: i understand how options and warrants are valued, and i knew from the very beginning that warrants have value (time premium) even when they are deeply out of the money, as the kinross 5-year warrants were, and still are. but there was no way i was going to talk up the value of the warrants we would receive when the entire deal stunk to high heaven.