I'm not too concerned with the recent weakness. Yesterday I think the total traded was under 400k and today it's around 250k. Yes it's gone down a bit, but there's no dump. Just impatient people that want to put their money to work elsewhere...and i wouldn't be surprised if they quickly return when the second well results are imminent.
Today's delay is a bit disappointing but totally out of the company's control. I have heard from another source that the rain around there has been tremendous...cars getting bogged etc.
BOW still remains an excellent opportunity for those who believe the CSG valuations attributed to other similar finds (SHG) will be realised here. I struggle to see how the value won't go up on further decent results, as there would be a number of predators who would like to get their hands on another 200Pj+ of reserves with further prospectivity. I'm anticipating $0.50+ by January and still plenty of upside from there.
Obviously I hold...BOW and BOWO.
regards
DF
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