TOX owns two of three permits issued in W.A. to process industrial waste. One is located in Port Headland to service the oil/energy and mining industries, their order book is filled for twelve months out and they plan to substantially increase process volumes. This could grow into a very substantial business based on the massive amount of development going on there. The second facility is located in Kwinana and is also being substantially upgraded to handle a variety of wastes. There is only one other liquid industrial waste processor in Perth and they just jacked up their rates by 70%.
Just completed a $2 million equity raising to pay down debt and increase production by 30% which is currently running at about (sales) $470,000 per month. The balance sheet has been rebuilt over the last twelve months and this weeks funding will allow some aggressive growth. Go and read TOX ASX releases to understand all of this. Current market cap is very, very small with IMHO lots of upside and more buyers on the stock. Do your own due diligence. The misinformed always miss out.
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