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[aktienbursche]

7th largest miner = Kinross, Echo Bay and TVX to Combine to Create New Senior Gold
- Producer and to Acquire Newmont`s TVX NA Interest
Kinross Gold Corporation ("Kinross" or the "Company"), Echo Bay Mines
Ltd. ("Echo Bay") and TVX Gold Inc. ("TVX") are pleased to
announce the proposed combination of the three companies and the concurrent
acquisition of the 49.9% interest in the TVX Newmont Americas ("TVX NA")
joint venture owned by Newmont Mining Corporation ("Newmont").
Kinross, after having combined with Echo Bay and TVX and after having
acquired the TVX NA interest (referred to herein as "new Kinross"), will
possess the following attributes:
- Top 10 global gold company with market capitalization in excess
of US$2 billion;
- 2 million ounce per year gold producer with total cash costs
less than US$200 per ounce;
- Only senior North American primary producer with a non-hedging
policy and less than 5% of reserves hedged;
- One of the best capitalized gold producers in North America;
- 65% of annual production in the United States and Canada;
- Highest leverage to gold prices among major North American
producers; and
- Strong organic growth from a global resource base exceeding 40
million ounces of gold

Terms of the Combination and Concurrent Transaction
The combination of the companies will be achieved by a Plan of
Arrangement, whereby Echo Bay shareholders receive 0.52 of a Kinross share
for each Echo Bay share and TVX shareholders receive 0.65 of a Kinross
share for each TVX share (adjusted accordingly in the event TVX completes
the previously approved ten-for-one share consolidation). Concurrently with
the combination taking effect, TVX will acquire Newmont`s TVX NA interest
for US$180 million. The parties expect to enter into a combination
agreement which will provide that the combination will be effected pursuant
to the Plan of Arrangement.
Based on the 30 day average trading prices on the TSX of Kinross, Echo
Bay and TVX prior to the announcement of the combination, the exchange
ratios imply a price of Cdn$1.81 per Echo Bay share (representing a 23%
premium) and a price of Cdn$2.27 per TVX share (representing a 47%
premium).
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Legt man nun den Kinross-Preis zugrunde,ergibt sich momentan der Kurs von TVX bei 1,40 Euro...

2,02$ * 0,65 = 1,31$
1,40 Euro / 0,94 = 1,316$

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ZUr Zeit ist der Kurs bei 1,17 Euro und der Schlusskurs in Amerika 1,21$.
Daher,denke ich,das sich die meisten in diesem Wert noch nicht rein trauen.Wie kann denn sonst der Ami-Preis höher sein,als der Euro-Preis.
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WEnn Gold wieder steigt,könnte TVX enorm davon proitieren.Hat jeman noch Meinungen zu TVX?

[recyceln]

habt ihr eine Ahnung was mit Kinross los ist ?

[Shunga]

abenteuerlich, daß TVX bei dem Triumvirat

Kinross, Echo, TVX den Vogel abschießt.

Eine TVX soll knapp 2/3 von einer Kinross wert sein.

Es sieht aus, als ob der Schwanz mit dem Hund wedelt.



ratlos Shu

.