Kinross Gold Corp (KGC)

[Jamesmobile]

Given that Kinross recently replaced its CEO and is shown to be lagging in performance, I can see why they may have executed such drastic measures to leverage themselves using SRGE as a victim to their scheme. An investigation should also reveal if any insider trading was being performed. I would like to know how many shares of SRGE the Kinross employees picked up and then how many were sold, and how many shorts were executed, right before Kinross issued their denial. This would have helped Kinross employees profit in both directions.

Kinross also used generalized statements to specify that "To the best of its knowledge" the join partnership was without any basis". Kinross also stated that the statements made by one of their employees "May" be incorrectly attributed to him. If Kinross had all the facts then their statements would specify certainty. Legally, I can see their wording being used to cover themselves from any legality issues.

I still think a lot of questions need answered but I honestly don't know why SRGE would stupidly stick their necks out like that. If SRGE was trying to scam people, they could have used other methods instead of naming a major company. That would be the same thing as me throwing myself in front of a moving bullet, knowing what is going to happen.