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clock Created with Sketch. 15/02/24
19:52
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Originally posted by Fernit:
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Yeah, regardless of costs, pretty sure Jono has said he'd be looking for a new asset in another jurisdiction - maybe offshore? Crazy to double the bet on a WA asset with still the Labor Party policy as a roadblock. I too was one of those TOE holders last year and 'saw the light' for what I saw as a bunch of inept directors happy to cash their pay cheque for doing nothing and with no desire to move things forward one inch - absolute night and day for what is happening with CXU and the communication of Jono. So moved my whole holding into CXU and took the loss as holding a stock to 'get your money back' is a ridiculous goal if you can see value elsewhere and don't like your current holding. So the loss I took on TOE would still be sitting at exactly the same level today for where the SP is while putting it into CXU has....*checks notes*.....made me triple digit % gains.
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I can only agree with you, we need locations abroad. The best thing would be Namibia, a very uranium-friendly country and also politically stable.
(20min delay)