Ann: Becoming a substantial holder in BOW by DB G, page-23

re: Ann: Becoming a substantial holder in BOW... I guess you either believe the flow rates were released to support the management recommending the bid and that the due diligence didn't flush out any better offers, so no further offers are on the cards.

or

The flow rates were held back waiting for the BW power station to be completed and were only cranked up once the bid was made and that they will continue to improve. The due diligence gave other interested parties the information required to make bids once the directors put BOW on the market.

There are many interested parties and they are just biding their time.

I'll got with the latter.
Another bid with max around 3.00-3.50.


I just don't accept that BOW is the least valuable QLD CSG asset of the past 4 years.