That is my reading of it. I think I prefer the CDI option to...

That is my reading of it. I think I prefer the CDI option to owning foreign shares directly.

I am hoping a better offer emerges and I think this could happen despite to call option CDE has over our directors shareholdings in BSG. The Coeur offer is miserly in respect of BSG's non-Palmarejo assets. They call it a merger, but it looks to me like a takeover without a takeover premium. It is also an all-scrip bid from a company with a falling shareprice and risky new ventures. Dunno ? ... will be waiting to hear something convincing and quantified from Norm.