10c would be TOX largest short term hurdle. There may be some...

10c would be TOX largest short term hurdle. There may be some large resistance initially but I believe once 10c is cleared, it could very easily shoot up into the mid teens. Years ago when TOX was in the teens, there were much less shares and therefore a much lower market cup than at present.

Even if TOX breaks into the teens this week, I intend to hold as the growth potential really is phenomenial. There is a strong chance dividends could be paid for this finanicial year as the cash position will be well in excess of $6 million when taking into consideration the exercise of TOXO which will bring $3.2 million, the sale of tank cleaning div, approx $800k, plus another $3 million profit to come, therefore cash could be around $8.5 million.

THis would be a bit lower obviously if the company decides to incur cap ex. Remember that if the TDU is upgraded at Kwinana, gross profit could increase by $5 to $10 mil.

So if TOX make $4 mil profit for 05/06, that for equate to E.P.S of 0.8c given 500 mil shares.

The div payout ratio may very well equal e.p.s of 0.8c per share.

What an exciting future for TOX

Sorry I got carried away, lol. In answer to your query, one TOX surpasses 10c, it will keep marching on north with relative ease

Cheers