Ann: Becoming a substantial holder , page-7

Salty,
I will do some numbers for you when I get back home from Wanaka. The internet down here is real slow. ( Went to Milford today on a cloudless day over some of the most jagged mountains I have ever witnessed.)

At a worth of over $4 BOW is fast becoming a Takeover target. Fortunately the Directors and major shareholders have more sense than succumb to any low ball bid........ It has always been their policy to wait this out.

The floods have caused serious delays but they haven't revised their targets.