This management team made the decision in Jan 2022 (well, much earlier obviously...without informing holders as far as I'm aware) to walk away from the WA government's offer of a Uranium Mining Permit.
And so now, we have a stranded asset, in a state with a uranium ban in place.
And there doesn't seem to be plan, sense of urgency, or any proactive action being taken to fix that.
Years have passed, and we still haven't even completed a full feasibility study, much less, a bankable DFS. In fact, we haven't even done any plant metallurgy & recovery work.
So, yeah... I have to agree...it's been a very disappointing (and bizarre) performance. It feels to me like we are missing the uranium bull. All commodity bulls end with a dump, nothing lasts forever, and we are missing this one.
TOE Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
(20min delay)