Hey guys, us long term holders did pretty sweetly out of the last SPP did we not?
I can only see this CR as a positive. I know we are into the takeover scenario, which could most probably come about – however if not then I think these guys are going to build some serious long term value into our business.
The extra cash in the bank will add much needed stability and firepower as they go about proving up their reserve targets. I may or may not take part in the SPP, but take another small parcel on market as this company is going places.
Of all the other coy's at a similar stage of development, BOW seems to me the one just getting on with it. Of course the risk is they might grow too fast for their own good, we'll just have to wait and see.
Mr D holds.
BOW Price at posting:
$1.38 Sentiment: LT Buy Disclosure: Held
