How much more? There have been many who have tried to guess the final dollar figure, and we know now that the floor price is $1.52 and hoping for a superior offer.
I was reading an article by Bryan Frith (The Australian) and he states that BOW was holding out for a offer price of $3. http://www.theaustralian.com.au/business/opinion/suitor-pierces-armour-with-sweetened-bid-for-bow-energy/story-e6frg9kx-1226147323481
With $3 in mind and with options at $2.20 still to be exercised, I'm hoping that a superior offer will come in somewhere around $2.60 plus. That is not a pie in the sky figure.
I know BOW is not a PES, but it took 1 1/2 months before the second bidder came in for a offer to takeover PES. Any "interested parties" have until December (before shareholders vote) to put their offer on the table.
BOW Price at posting:
$1.49 Sentiment: Hold Disclosure: Held
