Does anyone knows that the Management will come to spend the company's cash on investments?
There were more than $1 millions invested (see quarterly cashflow) on ASX listed companies eg, ASX:RDS
Not sure why they decided to use the cash on investments rather than advancing the Wiluna assets?
Given the cash position is not high, I'm concerned they will continue to use the cash on non-core activities.
Also the cash spent on exploration has not added any value to the company.
Very poor management, reflected in the SP.
Toro's investments
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Last
33.0¢ |
Change
-0.010(2.94%) |
Mkt cap ! $39.69M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 34.0¢ | 33.0¢ | $17.96K | 54.43K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 63809 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 3636 | 2 |
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| Last trade - 11.55am 09/07/2024 (20 minute delay) ? |
| TOE (ASX) Chart |