"Curious how Americans think it was an excessive price while we didn't get a premium."
Comment:
In the scrip offer by Coeur PJO was priced the equivalent to BSG on a pro rata ownership basis.
So have you considered that the premium for control of the project might have already been in the BSG share price?
As I have already posted, Coeur is diversified, not a one project company. In 2006, Coeur produced 13.6 million ounces of silver and more than 116,000 ounces of gold.
Now what was BSG's share of production going to be?
Yet Coeur has valued BSG and PJO as nearly the same as it. It is going to issue 261 million shares compared to its current issued capital of 278 million shares.
I have my doubts that the Mexican project of BSG and PJO and its exploration upside is worth practically the same as ALL of Coeur's diversified projects and Coeur's diversified exploration upside.
BSG
bolnisi gold nl
