Merging with Coeur D Alene Mines Corp, a company of not too dissimilar market capitalisation, that has its flagship project, which has over 150 million ounces of silver, located in Bolivia of all places.
Bolivia's leader Morales, is a very close ally of Venezuela's Chavez. So how naive will BSG share holders be if they approve this merger?
They'll only have themselves to blame if they then find this project nationalised or taxed to such an extent that there is no upside to a rising silver price.
Then add to this the legal problems Coeur D Alene Mines Corp are having with their project in Alaska.
Coeur D Alene Mines Corp's share price has fallen sharply this year. It's no wonder.
BSG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
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