For large players in mining industry, they always have a long-term view and strategy. Sooner or later, TOE will start to build the uranium mine in WA, maybe within 2 years or within 5 years. Comparing to other junior uranium mining companies, TOE has lots of advantages which includes large resources, infrastructures, scope of study, permits, JV partners etc. Once the WA government changes the mind, TOE is ready to move to the next steps. Mega Uranium is a large and long-term player in Uranium industry, I believe what their thinking is different from most of us who are short-term investors. I guess Mega may launch takeover bid in the next couple months if they think TOE is a good asset to hold for a long term. DYOR.
TOE Price at posting:
28.5¢ Sentiment: Hold Disclosure: Held
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