Ann: Trading Halt, page-61

I believe this demerger is about the takeover of the the toro uranium assets
i also believe there has been closed door talks with the interested party and the best and easiest way is
to put the uranium assets in a seperate stand alone vehicle

As we here that the US uranium ban on Russian origin imports has got legs now that a bill was approved by the senate and is getting passed around and on its way for Biden to sign
100mlb or so in a safe jurisdiction especially needed for the west is very hard to find and will only increase in value as uranium demand increases
I also believe that our international friends will put the squeeze on our current gov for help and will also boost the economy in Australia
as other areas of mining are in a slump

first to come to mind is deep yellow raised $250m mostly to progress tumas in Namibia according to the news but not enough to build a mine
but enough to make a play for uranium expansion in the company which in time as the uranium price increases his assets increase and easier to get the dept required

any offer for the toro uranium asset has to be fair value for the potential growth in the sector and get SH approval
just a reminder some food for thought that cameco paid over $9usd a pound in ground for Kintyre deposit in WA at the top 16 years back

but currently as it stands it’s worth ar least $2lb in ground and upwards of $5lb with a ban lift not if but when

IMO