Clarity Kinross needs to come clean on exactly what happened at Tsaist. Why did Kinross geologists trumpet that this
was a world class mine with unlimited potential? What did they think they had and why did they think that? What
exactly did they find AFTER we overpaid by probably 50% for this resource? Why did Kinross dilute the holdings
of all their existing shareholders to enrich Redback?
Kinross then needs to take action to clean up the balance sheet further and reduce the float. Sell off some of the assets, pay down debt and buy back some of the onerous billion dollar plus outstanding shares.
Then they need to concentrate on developing the profitable mines and YES WORK TO REDUCE COSTS.
Tye Burp yapped about the fact that he was going to work at reducing costs as if he had an epiphany three or four years after every other company in the world began major initiatives to reduce their costs by streamlining
all aspects of their business. Now the new CEO again emphasizes cost cutting as if Kinross should be held in high regard because they are 4 years late to the party.
It is time that Kinross started acting like a major gold miner rather than a lurching startup buying all sorts of properties which they have no idea how to operate properly.