Now that June 30 has arrived we can expect a reduction in tax loss selling and as July is traditionally a strong month and the Greek woes are stabilised for a while then the market generally should be in for a significant upward correction.
With BOW specifically once the carbon tax is finalised then this may prove a catalyst to boost the stock but more significantly the next six months should show a firming up of resources which should start to attract some corporate activity. I get the feeling though, that BOW directors have a preference for a joint venture or farm in rather than a clean takeover. Any thoughts?
However, as we all know, if the price is right then anything can happen. DYOR
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