Toughguy, are you kind of tough guy who is strong like bull smart like tractor? because the tractor you are driving sounds like it is towing a lot of bull!
The share prices are 'way high up' because they are valued as such based on proven reserves. You are right MEL is not plagued by high multiple valuation because it has strong cash flow and proven conventional reserves that go straight to market which means their share price is 'way low down'. ...only it doesnt have any conventional reserves, nor does it have cash flow which is why it just did a $25m cap raising. Therefore, I think that MEL is also 'way high up' with the rest of them.
The inveators can stay where they are and go back to the planet Buffeto where they sound like they are from?
Stick to whatever it is you do for a job because the down-ramp you have just posted on BOW holds no relevance to BOW.
Cheers and good luck with MEL and your crowds of disinvestors who are jumping on boats to MEL right now. Wait a second, dont BOW also hold conventional acreage in CM and why is it that no one is interested in MELs marginal CSG fields???
SF
BOW Price at posting:
$1.32 Sentiment: ST Buy Disclosure: Held
