BSG - Bolnisi Gold

[refined silver]

Wow! I had to trawl back to page 18 to find this stock!

No posts for 6 months on what will be the biggest primary silver miner in the world??

To answer previous questions on why no premium for BSG? The reasons are BSG valued quite highly for its resources ans still close to all time highs, CDE still trading over 50% drop since May 06 highs. The deal values both companies similarly which is pretty fair for BSG since CDE is a major producer, BSG a developer, and CDE has more resources.

Have been in BSG since 29c, sold out some, but have a long term core position which I'll hold for a lot longer.

 

[refined silver]

Today, the shareholders approved the merger with CDE, should be finalised by the end of December. CDE and PJO.V to vote by Dec 7th.

 

[michael_selway]

Today, the shareholders approved the merger with CDE, should be finalised by the end of December. CDE and PJO.V to vote by Dec 7th.

BSG is fairly price one woudl imagine

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -1.6 -0.5 27.0 24.0
DPS 0.0 0.0 6.0 6.0

Date: 23/11/2007
Author: Michael Vaughan
Source: The Australian Financial Review --- Page: 63
Australian-listed Bolnisi Gold's shareholders will vote on a mergerproposal in December 2007. US-based Coeur d'Alene Mines is offering $A3.35per share for Bolnisi stock. The merged company would be the biggest silverproducer in the world, and its assets would include Bolnisi's Palmarejosilver and gold project in Mexico and Cour d'Alene's mines in the US,Argentina and Chile. Bolnisi chairman Norman Seckold concedes that some of hiscompany's shareholders were reluctant to support the merger at first, buthe has been in favour of it from the outset