re: sydney sider, ur comments pls? I can only guess at the answer and yours is as good as mine. We have all seen the monthly figures and they are very positive and is partly factored into the shareprice. A positive number for June in line with prior months will IMHO produce a fresh burst of buying and send the stock higher. All of the technical signals point that way (but been wrong before).The current price looks like it is being fiddled with to shake out a few weak longs (London's "blip" effect on equities worldwide).
I really like TOX because it is in the environmental services field and is the ONLY permit holder for treating toxic wastes in the BIGGEST mining port in the world, as reported by the WSJ this week (commenting about Port Headland). The WSJ article highlighted the bottlenecks in port facilities around Australia (especially Port Headland and Queensland) and commented on the woeful upgrade efforts in place to dramatically increase Australia's exports of mineral/energy resources.
Upgrades will require multi-billions A$. and not the multi-hundreds of millions currently committed. TOX is a micro-minnow swimming around in all of these developments. My sense is that they have an excellent shot at picking up major sized, long term, waste process contracts (now that they have a decent track record processing wastes in both Port Headland and Kwinana) as has been alluded to in prior ASX releases.
None of this potential is factored into the share price and is dependent on TOX "bringing home the bacon". The next few months and end of year reporting from TOX will hopefully set the stage for a much higher SP. Am looking/speculating for over 10 cents within six months (A$50 million fully diluted).
re: sydney sider, ur comments pls? I can only guess at the...
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