Ann: Issue of options to Directors , page-5

Given that the Directors all have substantial shareholdings I can't see why they need another Option package to increase their motivation, but at $2.00 with performance hurdles, I can certainly appreciate the effect of their efforts on my investment.

At best, it will fire the company to new highs. At worst it is another small Capital Raising at $2.00 per share.

In my opinion, BOW will be taken out this year once the reserve certification proves conclusively the value in their ground.

Offer should be around $5.00