re: sp should be in the 7 to 10 cents range raks
TOX started off slowly in may 2004. it was about 2.3 when it started to post about 100k positive cash flow for each month. by end of june the sp was about 3.5. the market slowly started to wake up after a couple more months of 100-150k positive cash flow. the sp then started to surge around september/october and flew into the 10 cent region. imo AWS is even cheaper than TOX as TOX had about 700million shares on issue. AWS has only 196million on issue and at 10 cents still only has a market of 20 million. not bad for a company with about $45 million in 2007 revenue and growing earnings at double digit rates. stores will double over the next year and they are in the water bore market in wa and this is a booming business. this company has only started to get noticed and it wont be long before the register starts to attract some small fund managers. like you said if you can hold for the next 6 months then you will for certain double your money
AWS
australian waterwise solutions ltd
re: sp should be in the 7 to 10 cents range raksTOX started off...
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