Did you read the announcement? I am the last one to defend management lately about their lack of substance and communication to shareholders regarding this Uranium asset... However, they would not release a statement like that to the market without speaking with the powers to be in government first.
The past 2 years there has been a little thing called Covid. Personally, as someone who recently worked in reporting and government liaison myself (although in a different state) exemptions and extensions are very commonplace and basically a guarantee if Covid is used as a reason. Every company I dealt with got around sticky situations and got extensions on a range of matters due to this Pandemic. This is because the Pandemic has affected movement of people and services, face-to-face meetings, transport of freight both across the country and internationally, and more importantly site access to be able to undertake "substantial commencement" activities.
The one correct thing about your description is that you definitely are "Hypothesising".
TOE Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held
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