Reading all the spin posted about management as to Why ? getting extension on approval will certainly rerate the company !! or is there another agenda by management to keep a lid on on it which currently seems that way or are they waiting for a stronger spot price and the economic of it will be hard to ignore and will put more pressure on current government .. a new government will rerate toe no matter what
the company is at 52 week lows the worst performer in the sector and in a bull market everyone looks for opportunities you are looking at one now which are hard to find and the risk is factored in the biggest fortunes are made which came with plenty of risk
I always thought this will be taken out and management are keeping it vulnerable maybe that’s there agenda time will tell ?
The election in WA maybe we can hedge our bets some think labour will remain at the next election back labour to win some consolation but wait the odds will get better as I see the opposition odds coming in closer to the election time and if the opposition win this will rerate toe
TOE Price at posting:
39.5¢ Sentiment: None Disclosure: Held
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