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17/06/11
00:14
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yes, the metrics look great for BOW.
How do you reconcile a shocking market trend, BOW's downward looking SP with the great value on offer?
I hold, but looking for a better price before I top up.
The resilience over the last two days has been interesting.
yesterday's price action mirrors ESG's.
Apparently both were mentioned in the Eureka report as potential targets by the majors.
It could explain the volume and resilience, despite the continued and increasing % of daily volumes = gross short sales.
IMO, there will be better buying in the absence of a takeover. I don't see any reason why we should expect a TO without further 2P and flowrates.
Interested to read other opinions ont his...
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