Mega Uranium have been involved in TOE for years and RH even has exposure in them. This is no surprise. What is a surprise is the timing to load up. Is it just the bullish market conditions or is there something big around the corner? Are TOE management finally going to go down this EPA route in relation to substantial commencement before they write the same paragraph for the 10th time in a row in the upcoming quarterly? OR are they bullish on LNP winning the election in WA mid next year which changes everything? OR do they have inside information of some sort of takeover or JV? Last option is the least likely IMO because nobody will want to takeover this company while our hands are tied, while we are in this holding pattern, which could potentially go on another 4 years. Very risky for any company or investment group IMO.
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