sorry folks ... , page-29

Have a read of this:

"Jason Hommel, editor of the Silver Stock Report, said it’s interesting how the deal values both Coeur d’Alene and Palermejo at about $1.1 billion each.

“In my opinion, Coeur d’Alene is one of the most overvalued silver companies out there. If you are the one managing such a company, one of the best things you can do if your stock is overvalued, is to use your company's shares to acquire other companies,” he said.

“And if you are a stockholder, you can do the same thing, by selling your stock, and using the money to buy other junior miners. So, the deal is good for CDE, in my opinion.”

....Hommel noted that the company’s flagship project, San Bartolome, is in Bolivia, “one of the most politically risky nations in the world right now.”

San Bartolome has total proven and probable reserves of more that 150 million ounces of silver. The mine is forecast to produce more than 8 million ounces of silver, beginning in January 2008. Cash operating costs are anticipated at $4.00 per ounce in the initial years.

“Palmerejo is located in Mexico, which is much safer ... this is especially a win for CDE's shareholders,” said Hommel."

From http://www.resourceinvestor.com/pebble.asp?relid=31467

Comment:

How can BSG Management possibly justify that this deal is in the interests of BSG share holders?

The more I look into it, the more incredulous it seems to me that BSG Management could have even contemplated this "merger", let alone recommended it.