Hi.
Looking at BOW and surprised at the current sp in comparison to say SGL (SGL was $0.42 aprez takeover) considering they had similar mkt cap (SGL $184m vs. BOW $164m) and SGL announced 25,000 PJ reserves vs 192PJ ATP794P (0.77%) for Bow.
The recent cap raising, though necessary for proving up reserves, should have had a dilutive sp effect too.
I can appreciate that BOW's acreage has lots of potential but I can not understand the sp movement (or market sentiment for that matter - that's my problem of course). :-)
I would have thought that the likes of VPE offered similar value (Growler oil income for continued CSG exploration, no debt, respected ex-QGC major shareholders).
Can anyone enlighten me on this anomaly?
Apologies if this has been discussed before.
Good luck to all holders.
John.
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