RE: kinross buys redback for 7.1 billion....Well Kinross is up to its old tricks again buying another company with "paper" (i.e., it's shares). My last major gold holding Aurelian ("ARU") was shallowed up by Kinross this way. I was one of the few lucky ones that dumped all the K shares and warrants ASAP and got about $23 per share. Those who held on lingered for years and K shares are down to the around $17 level for over a year now. Who know if Kinross' SP would take another major hit or not?
As to if that would pump up the SP of SMF I have to wait and see. West Africa is a big region and SMF and RBI don't operate in the same countries. This is like your neighbour got a good price for his house and that does not necessary mean your own house has increased in value. After all they may have a nicer house, so to speak.
However, it certainly would bring some attention to SMF if they can follow that up with a strong Q2 report, plus the announcement of additional reserves at Mana. If that happens then we are cooking!!