re: burswood - debono Good call Nic, I was speaking to a WA...

  1. 147 Posts.
    re: burswood - debono Good call Nic, I was speaking to a WA broker the other day who mentioned BIR as a potential takeover target. Looking at the chart I would proably wait till this one comes back a bit. A fall back to around the $0.69 - $0.70 mark would probably be a good entry. Any price action below the 69 mark would be wait and see I think. It has climbed from around $0.70 to $0.77 around 4 times in the last 7 months or so, so you would excpect it to come back down to those levels within the weeks to come, assuming the trend continues. I would definately be looking at picking up some around $0.70 and holding to see what eventuates. Good buyer depth on this one. Will be watching closely.

    Cheers

    Bazza
 
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