With the current share price of 0.008 cts ( less than 1 cts) , is the project still viable ? Most important , is the State Government still think the project can be supported ? The reasonable man or the Main Street bloke would say with that level of current support in the share market today ie selling price at 0.008 cts , the answer is very obvious . Also I doubt the project would pay the 5.5 cts per share return on investment in December or early next year as announced to the ASX recently.
I hope I am wrong as I am a shareholder with an entry price of 6 cts. Woe is me.
TOL Price at posting:
$6.66 Sentiment: None Disclosure: Not Held