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Gold/Mining/Energy : Burnt Sand Solutions (BRT.T) -- Ignore unavailable to you. Want to Upgrade?

To: sPD who wrote (31)	5/11/1999 10:09:00 PM
From: sPD	Read Replies (1) \| Respond to of 99

Takeover in the works ? Over a month ago, I saw a posting on Stockwatch suggesting that BRT was a potential takeover target at $2.50. I didn't give it much thought at the time but the volume and price increases of the last two sessions may be indicative of something being in the works ...

To: sPD who wrote (31)	5/12/1999 4:01:00 AM
From: Robert Dydo	Respond to of 99

I was thinking of price/revenue area where BRT is trading in the area of 4.7 (as $2.00 per share), MCF is trading in the area 5.7 on expected revenues of 31M and RAZF is around of 27 multiples. When you look at the table from Goepel you would see expectations of 42M in revenues. This even against 53M shares in the future would support price of at least 3.81 at low multiple as is. Meeting multiple of MCF price would easily support 4 to 5 range. I am surprised that their recommendation is for target in area of 2.10 therefore. I think that company has a media low profile but I would certainly highlight number of customers including Teleglobe as of the release you posted. I believe the profile is changing with Goepel's rec. out as investors are looking for runs like MCF. Certainly undervalued is the word in case of BRT. With releases about new clients and strong revenue this stock will see more volumes than media coverage and price appreciation.