Hi guys,Thanks for the feedback though one does get the...

Hi guys,

Thanks for the feedback though one does get the impression he is 'preaching to the converted' ;-) Remember there is always possible downside in any stock but TOX's balance sheet and strong cash generative business certainly do make them an interesting proposition (and there is generally good margins in Waste disposal)

Spovend, to answer your question re how the market will take it - It is quite hard to tell IMHO. The stock has run up very strongly from bargain basement levels on the back of the monthly cashflow and profit statements - The stock is on a foward (fully diluted P/E) of around 11.7 which considering it's hardly a blue chip might be considered fair value until evidence of more growth flows through via announcements. Having said this, when the company gets the cash injection of $3m from the options it makes them a lot less riskier proposition so they would justify a higher P/E accordingly. Also the market may like that it can see the earnings "in black and white" and buy accordingly.

To get back to the options scenario and the positive implications cash-wise for the company when they are taken up, one could argue they could therefore justify a 11.7 P/E UNDILUTED which would imply a share price of around 8.7 cents - That would certainly be a nice run up from current levels - We shall have to wait and see.

Perhaps some of our Technical minded colleagues could give us some advice for the short-term?

Cheers

J.