re: sellers will be butchered when jv is announced reminds me...

re: sellers will be butchered when jv is announced reminds me very much of EMI at 14 cents - just missed an estimate by a little on a half year and traded sideways as the impatient left and now is up 4 times as the earnings growth continued.

The thing with TOX is that some of us have followed it for quite some time - and have had expectations. New people will examine the half year with no inflated expectations and will see the future 2007 and 2008 outlook making it a no brainer to them - and they will replace the impatient.

A tad disappointing to us already loaded up with heaps - but an opportunity for those not on board yet. Can't see it trading on a pe of under 16 once the full year results come in - or more likely first a profit upgrade perhaps.