7 replies to this topic

[SilentOne]

I own 150000 warrants on this thing. Three warrants buy one share @ $15 CDN till 2007. The warrants trade way out of the money.

It has been an huge disappointment for me the last year having accumulated some of the position at much higher prices. But hey I am patient!

Friday' action looks to have broken above the 2-year long downtrend line. Slap a ruler down and you'll see it.

Kinross have yet to meet TSE filing requirements this year and have delayed it for some time. It has been a big overhang for the stock. The day this is done without too many nasty surprises, it should be released. Value wise, it is tough to beat Kinross in its sector.

http://bigcharts.mar...&mocktick=1.gif

http://bigcharts.mar...&mocktick=1.gif

The Gann chart says a break upward of the immediate 10 year descending line could launch it. There will be some sort of reaction when we get there.

http://mscharts.pcqu...me=&lcprice.gif

cheers,

john

[mss]

Nice analysis. Owned this at one time, will start looking at it again, thanks.

[SilentOne]

Hi MSS, Kinross used to be "king of the hill" in the Canadian gold sector at one time. I'm not expecting that anytime soon, but it has a lot of cacthing up to do IMO. cheers, john

[SilentOne]

More on Kinross: Post says analyst finds silver lining amid Kinross woes Kinross Gold Corp (2) (TSX-V:K) Shares Issued 345,298,522 Last Close 8/2/2005 $7.05 Wednesday August 03 2005 - In the News The Financial Post asks in its Wednesday edition, How do you value a company when you cannot see its financials? The Post's Lori McLeod, writing in the Trading Desk column, says that in the case of the Kinross Gold saga, analysts are sifting through the few nuggets of information the company has provided for answers. Desjardins Securities analyst Michael Fowler saw the shine from the company's "operational review" last week, pointing to positive news from Kinross's Paracatu property in Brazil and Round Mountain mine in Nevada. By Mr. Fowler's calculation, the stock is "pretty inexpensive" and a "great buying opportunity," he said. Bold words, considering the vacuum of financial information and overhang of a regulatory investigation on the stock. Late last week, Kinross called off the release of its second quarter 2005 results. Earlier this year the U.S. Securities and Exchange Commission asked for an investigation into the value of assets acquired by Kinross in 2003. The results of the independent review could lead to a "significant restatement" of its 2003 results. This could mean a reduction of goodwill on the balance sheet, taking a big bite out of the company's 2003 profit. © 2005 Canjex Publishing Ltd.

[SilentOne]

More financial info on Kinross:

KINROSS GOLD CORP (NYSE:KGC/TORONTO:K)

cheers,

john

[SilentOne]

Kinross Gold: Newmont Mining Sold 4.4% Stake In Kinross

djones

VANCOUVER -(Dow Jones)- Newmont Mining Corp.
(NEM) has sold its remaining
stake in Kinross Gold Corp.
(KGC), which was initially acquired when Kinross acquired TVX Gold Inc.
and Echo Bay Mines Ltd.
in 2003, a Kinross spokesman said
Friday.


At last report, Newmont owned 15.2 million Kinross shares, and company spokesman Chris Hill said it's his understanding that the entire stake was sold on Friday.

In Toronto, 21.6 million Kinross shares traded Friday, as the stock closed unchanged at C$9.08. During the session, Kinross traded as high as C$9.29, the highest level since December 2004.

A Newmont spokeswoman wasn't immediately available to confirm details of the stock sale.

Tanya Jakusconek, a mining analyst at National Bank Financial in Toronto, said in a research note that Kinross's underperformance Friday versus other gold stocks "was largely attributable to Newmont having sold its 14.5-million-share block." She noted that 9 million shares were sold at C$9.15 a share. "This removes the overhang on the stock which has existed for the past two and a half years," she said.

Kinross and securities regulators have been reviewing the amount of goodwill that was allocated when Kinross acquired TVX Gold Inc.
and Echo Bay Mines Ltd.

in January 2003. As part of the combination, Kinross, TVX Gold and Echo Bay acquired Newmont's 49.9% interest in the TVX Newmont Americas joint venture.

Hill said after that transaction, Newmont held a 14% stake in Kinross, but sold about two-thirds of that block two years ago.

"I think they've been waiting for the share price to come back to dispose of the rest," Hill said, adding that Newmont should be able to book a gain on the Kinross stock sale in the third quarter.

Kinross has about 345.3 million shares outstanding, according to the TXS web site.

Company Web Sites: http://www.kinross.com, http://www.newmont.com

[mss]

Thanks for the updates. :B ;cat:

[SilentOne]

Edited by John Shipman Of DOW JONES NEWSWIRES (call: 201 938 5171; e-mail:john.shipman@dowjones.com) MARKET TALK can be found using N/DJMT 1:02 (Dow Jones) Kinross Gold (KGC) is "close to a resolution" of accounting issues related to goodwill, CEO Tye Burt tells a Denver gold conference. KGC has warned investors to expect a "significant" non-cash goodwill writedown; this will reduce previously reported earnings. KGC hasn't issued any financial statements this year due to the accounting review. Burt tells crowd that KGC will have news in the coming months about the sale of non-core assets. Shares up 3.1% to $7.56; other gold producers also gain on rise in gold price. (LMO)