re: my valuation is 9-10c
Dec +ve operating cash flow ($607k) Jan +ve operating cash flow $105k Feb +ve operating cash flow $(171k) March +ve operating cash flow $156k April +ve operating cash flow $141k May +ve operrating cash flow $196k June +ve operating cash flow $466k
The great thing about TOX releasing monthly cashflow report is doing meaningful analytical reviews between the months
TOX have now produced 4 positive cashlow months in a row, which confirms I believe a significant turnaround in their operations. You can also see that there is a significant increase from early in the year to May and June in operating cash inflow. If you go back prior to Dec you will probably see the same pattern continuing.
If TOX can sustain its current rate of growth, a high P/E ratio is justified.
Thats why I said what I said in my previous post
Cheers
TOX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held