Maybe..not sure mate. Too much risk, in my opinion. We have no mining permit, we are stuck in a uranium mining ban, and the Labour-Green alliance will very likely be re-elected (with a green preference vote deal).
Put yourself in the shoes of Borschoff. Would you sink your holders' money into a company, whose only asset you may not even be able to begin developing for another 5 years? And potentially much longer, if the state Labour-Green alliance wins again in 2029?
The reality is that we haven't had anyone knocking on the door, \or RH would have told us already (he is legally obligated to inform us!). Unfortunately, those are the facts.
Don't forget, Borschoff bought Vimy in Aug 2022. He completely bypassed Toro. Think about that ..why did he bypass us? Now, ask yourself, what has changed?
This is what I've been saying, we currently have a STRANDED ASSET.
I hope you that are right, and that I'm wrong.
TOE Price at posting:
34.0¢ Sentiment: Hold Disclosure: Held
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