With all the bs and recycled study rhetoric merry-go-round they have to put in each quarterly to make it look like they are working, I always just skip to the most important section.
Which you guessed it, has not changed for the 10th quarter in a row now!
"As previously advised, the date for the substantial commencement condition contained in the State environmental approval for the Wiluna Uranium Project, granted pursuant to Ministerial Statement 1051 (MS 1051), has passed. Toro considers, and has sought advice to confirm, that the environmental approval granted by MS 1051 will remain valid notwithstanding that substantial commencement did not occur by the date specified in MS 1051, and that it will be open to the Company to apply under the Environmental Protection Act 1986 (WA) for an extension of time for that condition at a later time during the life of the approval. It is also envisaged that favourable results from the studies detailed in this announcement may also necessitate an amendment to the proposal the subject of each environmental approval received. Please see the Competent Person’s Statements at the end of this release for information about the reporting of the resource."
Until this changes, and shareholders wake up and pressure management to do something about it like i have been, we will continue being the worst performing U stock on the ASX!!!
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