TOE 5.32% 22.3¢ toro energy limited

viability of toro, page-7

  1. 61 Posts.
    The Henry has people worried and running concerned as most don't yet understand its potential impact. acecant has clarified the position with respect to Toro well - it is not something that will impact this company for some time. That said, as long as sentiment is low (and it is at the moment irrespective of tax changes) there will be people selling. As I have said before, if you have faith in management (and I think the decision to pull out of the option rather than wasting close to $60 million on not overly convincing exploration results was a good one) and believe the uranium price will come back in the future (who knows when), then a stock that has a significant number of uranium assets which is only trading at a slight premium to cash backing is a good pick!
 
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