prospects

Interesting Toro/Nova merger....
All we need is for them to find some decent "U" on RNG's S.A tenements!!!!!

OXIANA'S uranium affiliates Toro Energy and Nova Energy are planning a $385 merger to create a new force in uranium exploration and development.
Analysts expect the deal to be confirmed as early as Monday.
Under the suggested scrip terms, Melbourne-based Oxiana would emerge with a 48 per cent stake in the enlarged Toro. This compares with its current 24.7 per cent shareholding in Toro and its 57 per cent stake in Nova.
Toro is the Adelaide-based uranium explorer created by Oxiana and Minotaur Exploration — also a 24.7 per cent Toro shareholder — to hold their largely South Australian uranium exploration interests. Oxiana inherited its Nova stake when the company acquired Agincourt.
But the surge in uranium prices to up to $US130 a pound has strengthened Oxiana's resolve to add a potential uranium production arm to its portfolio.
Nova has a pre-feasibility study under way at its Lake Way- Centipede project in WA. It is also exploring in Toro's backyard in South Australia and in Namibia."