steel co.s increase 10-20%, page-7

I have been asked whether I feel BSL will hit $8.00. That was a short term target I had for it based on how the international steel stocks have been going through the roof. Only a few weeks ago it went from $7.40 to $6.99 based on rumours of another profit downgrade which turned out to be nothing. Most of the US steel stocks over the last few weeks, every few days, are receiving buy upgrades. We have seen since October last year all the major steel co.s share price double. This occurring makes it even more likely a takeover of BSL will occur soon and a $10.50 take-over figure would not be unrealistic.