WTF? so this is an example of what you can do with a subsidiary.....bail out/buy out foreign entities without shareholder knowledge.
Toro may now have connections in Canada through its dealings with Mega Uranium, who were on a buy out spree of their own before they got into serious financial trouble, but without scratching the surface of this deal, the question is, what is the motive?
This strategy could go either way with the present resource market, one would hope the U market is indeed in recovery.
The link to Strateco Resources (RSC) TMX listing is below and is not good reading.
http://web.tmxmoney.com/company.php?qm_symbol=RSC
Toro Energy Announces Acquisition of 19.79% of Strateco Resources From the Sentient Group, page-2
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Last
20.0¢ |
Change
0.005(2.56%) |
Mkt cap ! $24.05M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.5¢ | 19.5¢ | $5.416K | 26.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 443 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 21000 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| TOE (ASX) Chart |