The problem at present is that the takeover/merger price just keeps on getting lower and lower.
Based on Coeur's closing price of US$3.36 and the AUD now at 81.83c the bid is now worth just $2.80 a BSG share.
Hate to think what will happen in coming months should Coeur continue to underperform on the HUI and the Aussie dollar runs back to nearly 90c.
Have a look at the BSG share price from 10th. November last year.
I think it is fair to suggest that $2.80 is significantly below the daily average BSG share price since then.
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The problem at present is that the takeover/merger price just...
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