eeerrr....Jam: the cash run rate included $2.4m of the exercise of the options and the $4.2m figure is the cash in the bank...not the generation rate...sorry but your $18.8m figure is meaningless.
On a more positive note: Restuls: + Delvex synergies not yet booked + 6-12 months payback on capex...so the $1m will contribute this final quarter + organic growth + 1.375 current quarterly run rate (NOTE: 1.6m cash...yet to find out why the difference) + new acquisitions...(unlikely to contribute much this financial year) + ??? __________________________________ = nice company to own...my forecast: staying at $5.2m for the 2006 fy.
However...with BHP doing 2-3% PER DAY who wants to pay attention to these small cap stocks???? Hence why it's not running.
Fine by me...TOX is a safer place to be currently than BHP. If the USD170b in commodity hedge funds starts shorting commodities we are in for a fall on BHP/RIO/OXR etc... Albeit that's unlikely to happen given the shortage of metal in physical stock.
TOX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held