TOX tox free solutions limited

calm before the afternoon storm?, page-4

  1. 3,628 Posts.
    re: a few panic merchants selling interesting selling on the close today. There was also a lot of selling a couple of days before their july result came out. Could be that, given the surge, some people have decided to lock in profits prior to the results coming out, just in case it's not all it's cracked up to be.

    July profit was $205k, but as was pointed out, $165k was paid out in GST from the July figures for the previous quarter. So if July result was repeated in August and September, we would be look at $940k for the quarter. ie. $205k plus $370k plus $370k. If this turns out to be the case, then TOX is headed to double figures. Anything less than $800k for the quarter, and I think the market will be disappointed, sending the SP lower in the short term. Either way, I'm in for the long haul, and would be happy to hear others opinions about the figures I have posted.

    All will be revealed by the end of the week.
 
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