Now that the WA election is out of the way and we are set for approximately 4 more years of Uranium Mining bans under Labor/Greens, there is only one option left - EPA path. If RH does not undertake this path in the next few weeks, then us shareholders MUST take action, i.e. banding together with our votes and calling an EGM. Otherwise, this company is going to continue to be diluted to nothing and RH will keep getting his $10k per week until it goes completely bust.
After RH failed to satisfy the substantial commencement option (the free kick of a lifetime and golden path to WA Uranium Mining), I thought his time would have been finished there and then. Any other business and they are shown the door. Unfortunately, he has somehow kept his position due to support of very generous and patient shareholders, but now the patience must be up!!!
For the past 15 quarterly reports, we have seen the same paragraph that there is the EPA path for substantial commencement (I have copied and pasted this below just like management seem to do each report). I have understood that the only credible way they have not acted on this is that there was hope of an LNP win in the WA election and the U mining ban was reversed. Well now that is out of the question!
"As previously advised, the date for the substantial commencement condition contained in the State environmental approval for the Wiluna Uranium Project, granted pursuant to Ministerial Statement 1051 (MS 1051), has passed. Toro considers, and has sought advice to confirm, that the environmental approval granted by MS 1051 will remain valid notwithstanding that substantial commencement did not occur by the date specified in MS 1051, and that it will be open to the Company to apply under the Environmental Protection Act 1986 (WA) for an extension of time for that condition at a later time during the life of the approval. It is also envisaged that favourable results from the studies detailed in this announcement may also necessitate an amendment to the proposal the subject of each environmental approval received. Please see the Competent Person’s Statements at the end of this release for information about the reporting of the resource."
If we do not see the above acted on in the next few weeks, then US shareholders must take action to change management to a proactive and non-lifestyle personality such as the likes of CXU have. Those who make effort in growing shareholders wealth and want to physically produce Uranium - and do all the marketing and media events possible to get word out about this. Hopefully I can finally get some support amongst everyone on this topic because our investments are right now on the line. If you are genuinely a holder and want things to change then please start acting like it and use your voting power to make some changes around here! Whether we need to make an off HC group to discuss plans etc., I do not mind but I am sure we can get enough votes for a first strike!!! We just need everyone to get on the same page.
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Labor wins WA Election - No excuses now RH!
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Open | High | Low | Value | Volume |
19.5¢ | 20.5¢ | 19.0¢ | $68.71K | 357.0K |
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No. | Vol. | Price($) |
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1 | 118818 | 19.5¢ |
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Price($) | Vol. | No. |
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20.5¢ | 47084 | 1 |
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No. | Vol. | Price($) |
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1 | 118818 | 0.195 |
1 | 12977 | 0.190 |
3 | 48414 | 0.185 |
2 | 31000 | 0.180 |
3 | 18232 | 0.175 |
Price($) | Vol. | No. |
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0.205 | 47084 | 1 |
0.210 | 35000 | 1 |
0.215 | 23748 | 2 |
0.220 | 200000 | 2 |
0.225 | 2545 | 1 |
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