Coeur closed down over 5% at $US3.58 on volume of over 11.7...

Coeur closed down over 5% at $US3.58 on volume of over 11.7 million shares.

Chart continues to look very, very sick. At present CDE looks very close to being in a free fall.

It will be interesting to see if a real free fall as distinct from the current consistent selling pushing down the price occurs.

The Coeur bid for BSG is now worth $2.96.

BSG's share price has been volatile, but in a clear upward trend over the last few years as exploration and development progress is made in Mexico.

I feel sure most BSG share holders will not want to give away their BSG shares during any temporary period of BSG share price volatility for shares in a company which value BSG shares at less than $3.00.

Certainly not for shares in a company that keeps hitting new lows.

I believe a much higher valuation than $3.00 will be needed for any "merger" to succeed.

It is NOT A DONE DEAL.