Merrill Lynch rates BSG as Buy, High Risk - Agreement between...

Merrill Lynch rates BSG as Buy, High Risk - Agreement between Bolnisi, Palmarejo and Coeur D’Alene which would see Bolnisi ending up in Coeur D’Alene ownership at a price of circa $3.21 per share undervalues the company, in Merrill Lynch's view.

The broker recommends investors should vote against the proposal, arguing Bolnisi deserves a higher offer.

Target price is $3.75 Current Price is $3.29 Difference:$0.46 - (brackets indicate current price is over target).