RE:RE:kinross a takeover targeT??
Kinross is regarded as a high cost producer. They cut their dividend because they were not producing enough cash flow and were in fear of that turning negative. That could easily happen if the price of gold takes another nose dive. On the other hand, there seems to be a key resisistance level at around $1270. If gold can get above that it would be in an intermediate term uptrend. As Kinross got hit harder on the way down because they were high cost, they should get a bigger spike up if the trend reverses. Bob