all in my opinion, please do your own DD. This is not investment advice.
CIBC is telling us that it's not over yet. More and more it seems to me that a lot of the funds sold aru and bought kinross to lock in the premium on the warrant. My guess is that there is a deal for Kinross to follow but it will likely be done well below the exercise price of our warrant.
So the question is who picked up all the funds shares and more importantly why would they tender them and take a loss? I think Kinross get's approx 40% of the shares and sweetens the offer...
my 2cents anyway,
Regards,
Buck