might be closer to $4 million towie. I can see this one being...

might be closer to $4 million towie. I can see this one being nearer to 20 cents by xmas than 10 cents - would be more confident if the oppies were out of the way, but that didn't stop SEN/SENOA when they turned it around in a similar manner to TOX exactly a year ago.

Lets see - SEN and SENOA was roughly same number of fully diluted shares. SEN reported a full year pre-tax 2004 profit of $2.5 million and outlook for first half of about $3 million pre tax from memory and then delivered $3.5 million pre tax profit. Look at it now.

I get TOX as higher than SEN in pre tax this year compared to SEN 2004 result - when SEN took off. I also get TOX as being a higher margin business than SEN if all works out to their forecasts - higher ROA.

Then there is the options cash - not looking toobad mate ;-)

Lets hope TOX can steer the ship.