"As I have been informed by an extremely reliable
Post# of 9903
Posted On: 04/11/2015 3:58:08 PM
"As I have been informed by an extremely reliable poster on this board - Kinross never had any intention of actually paying the $550-$650m (we do not know what the exact figure of the contract was). Instead it turned out they were also trying to steal the mines by buying up 75% of the outstanding shares of SRGE to effectively take control of the company making any takeover of SRGE by them unconditional - giving them control and ownership of Cinco Minas and Gran Cabrera. "
It would have been impossible to buy 75% of the stock because the company had restricted the majority of the shares in their names. There were only 214,000,000 shares available to trade at the time of the Kinross news.
It would have been impossible to buy 75% of the stock because the company had restricted the majority of the shares in their names. There were only 214,000,000 shares available to trade at the time of the Kinross news.
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