re: has the feel of a caltex like turnaround
You don’t know what you are talking about!
Just in case for your info, TOX is fully booked until July 2006!!!!!!
They won’t upgrade the new system (as I know this for sure, because currently they are getting $1500 per hour per tone. With new upgrade they will be getting $600 per hour per tone, plus they have to spend over 1.5 million dollar).
But what I know for sure is they are PLANNING to expand to other states such as VIC and NSW.(currently planning stage is over and they are looking for financial backers. Capital rising will be needed but I won’t be by ISSUING more shares!!!) ;)
So far management is happy, but they don’t want to grow too quick (I don’t know why). One of the reasons is lenders, & new major shareholders TO BE (ANZ) ;) are looking for more results to see if, the company can CUT its COSTS once the tank cleaning business is sold! (Notice I didn’t mention revenue).
this is a 20c to 25c company whether you like it or not.
TOX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
