BIR - announcement coming on cap?

  1. 400 Posts.
    I have been watching the price action closely on BIR over the last few weeks and given todays price action and given who has been buying this morning and in what size, I believe the removal of the 10% shareholder cap must be getting close.

    Legislative changes have to go through numerous hands before they actually get to parliament and this means that leaks always occur as to what is being proposed.

    I am betting that the cap will be removed shortly which should open BIR up to a corporate play.

    Good luck to all BIR shareholders, lets hope I am right.
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