Further to Matgirl's post...it should be noted that K is now trading at levels it saw in 1993! More than 50% down from more recent highs. This company has been well and truly thrashed for its Tasaist debacle.  It is now clawing its way out of the hole and has a lot of work to do to get back to the 20's....it is now going in the right direction, however, with a new CEO committed to cost cutting and shareholder returns. The Tasaist writedown argument can not be dragged out over and over as a reason to trash/short this co......as other mines come on stream in Russia and Ecuador this company will continue to raise dividends and turn a profit, imho.