Ann: Letter to shareholders re Arrow Proposal , page-46

1982,
I am over in Brisbane for the Bledisloe.
Have been in touch with Ron and others. Please refer to previous posts Ihave made re BOW. This company is seriously undervalued.

Imho the sp has been carefuly manipulated downwards to try and convince weak shareholders that this ludricous offer warrants consideration. All shareholders should have a look at the fundamentals and draw their own conclusions.

DO NOT SELL.