from FNARENA
BSG - If Merrill Lynch's view proves correct the current takeover proposal for silver and gold company Bolnisi Gold (BSG) is unlikely to be approved by the company's shareholders. The broker believes the stock is significantly undervalued and the "merger" proposal currently on the table does little to alleviate this. In addition, the next few years should see strong earnings growth for the company.
FWIW - I dont hold anymore. CSE way more enticing, although Im keeping a weather eye on BSG should it drop to silly levels.
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