before christmas 20c?, page-20

I believe the real action will start once the options are exercised in January.

I still believe 20c is very likely by years end but there is plenty of blue sky next year.

Reasons include:

- An extra $3.2m from exercise of oppies will enable the company to be more aggressive in their expansion plans
- The upgrade of the TDU in Kwinana will see the benefits begin to flow through next year
- Upgrade of the kiln gas management system at Port Headland
- If TOX make acquisition this year as mentioned in their quarterly, benefits would flow through next year
- Contined improvements in economies of scale at their operating plants at Kwinana at Port Headland


ANything else I have missed??

I boight a few more oppies today at 7.5c and the remainder at 6.8c. I figured far better value buying the oppies at 7.5c than TOX at 11c at open. TOXO at 7.5c is the equivalent of TOX at 10.5c.

Plently more excitement to come from Toxland.

We really have only just begun

Cheers