Existing shareholders might be peeved that dilution of their holdings will occur after this spp but I reckon it will bring many new shareholders to the company. With the company participating in the drilling of 8 wells in the next 6 months or so, there is a strong likelihood the sp will be back over 20 cents before long. The chance to buy up to 5 grands worth at .165 gives the opportunity to make a quick 20%? Noticed a few orders going through after the announcement for small parcels of shares so obviously some punters are wanting to get an entitlement to the spp.
BOW Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
