There is no way anyone is taking over TOE without the WA government approval to mine U. Shareholders of any major company capable of buying TOE would go nuts for undertaking such a high risk venture. No management would dream of it.
However the moment this WA government approval takes place and we get the green light, all this changes and everything is on the table. Hopefully by then we are at a much higher share price by then.
The dream run for current shareholders would be:
1- Cut RH and get some confidence and a run along in the share price while we await WA government policy changes.
2- Attempt EPA substantial commencement path.
3- WA uranium mining approval
4- Takeover $2 plus.
If there was any offer of a takeover now it would be around 60-80c range Imo and most holders would have a loss on that. I know I need $1.40 to break even so I can imagine many others have an average 80c-$1.50 range going by the charts the last 5-10 years.
There is no way anyone is taking over TOE without the WA...
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Last
20.0¢ |
Change
-0.015(6.98%) |
Mkt cap ! $24.35M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.5¢ | 19.5¢ | $315.0K | 1.556M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 106682 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 56067 | 1 |
View Market Depth
| Last trade - 15.48pm 02/09/2024 (20 minute delay) ? |
| TOE (ASX) Chart |