I tend to think the same. Nobody would be interested in taking over TOE until next years WA election is finished. Too risky until then! Companies and CEO's in the U space clearly have 1 eye on us, but to go full blown takeover will not happen any time soon IMO. If Labor-Greens win the WA election next year, another 4 years of recycled studies is a big own goal for any established U management team on the ASX or overseas. Which would forever ruin any boards reputation. However the moment production is given the green light if LNP win, then yes, all takeover offers are on the table, and an auction will take place. Huge value with our U asset, worth multiples of multiples of our market cap. It is a no brainer. Hopefully prior to any offers we get new management, but I am not holding my breath. We need to get all shareholders on the same page to vote them out for that to take place.
TOE Price at posting:
32.0¢ Sentiment: Hold Disclosure: Held
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