TOE 3.92% 26.5¢ toro energy limited

replace current management, page-571

  1. 546 Posts.
    lightbulb Created with Sketch. 152
    The only explanation I've heard from him:
    https://youtu.be/MHTjN0i4Edw?si=_P0vSJxNqZHLCgZA&t=1058

    He seems to say its two things:
    1) The permitted mining plan changed significantly after getting the approvals, so they would have had to seek amendments anyway.
    2) They couldn't dig a hole (like VMY did) because Uranium starts at surface and that was somehow a disfunctional step for TOE to show substantial commencement.

    IMO, his answer is weak, and just one more reason the guy needs to get replaced.
    Anyone got Mike Young's number?
 
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