Ian Burton is also involved with goldminer, Dioro. One of the few micro cap goldminers operating at a profit and very solid balance sheet. Debt has been paid-off in a timely manner and has expansion plans without hitting shareholders over the head with new share issues.
Ian Burton was brought into TOX eighteen months ago as a "financial doctor" to rescue the company. Has applied the same principals to both companies and has done an excellent job. Both are strongly cash flow positive.
How many micro minnows in Australia have management with credibility and a track record to match? Good management breeds strong deals and growth. TOX has all of these. Fund managers and savvy investors have noticed all of this and are steadily increasing the market cap of TOX. This has created a very strong technical picture on the shares with daily trading volumes increasing constantly. IMHO this is an ideal situation for a small investor. Have a substantial holding of oppies accumulated at much lower levels and am enjoying the ride. Will trade around a core position and will exercise this core next year to show support. Expect the shares to be trading at multiples of the current price by then.
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