I posted last week saying that I thought TOX was headed for 9 cents before the announcement of the quarterlys, but was proven wrong there, it went to 9.9. Don't you hate that!!
Yesterday's standard ASX procedure sometimes causes slight downward pressure on the sp as many interpret this as a negative, so it may go back slightly today or it may not. Whatever, that will be irrelevant in a few days time.
I think your point about difficult entry into this industry is a significant pro for TOX - basically the main reason I rate this stock a LT buy. Waste treatment is becoming such a growth industry. I see where Peabody (TPI) was saying that one of the reasons that TPI is going so well is that governments are really starting to enforce regulations with toxic waste disposal/treatment. Prior to that, who knows where this stuff was going.
Anyway, it would now appear that we're headed above 11 cents by month's end. My guess Pokerface, 11.5 .
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