Mark, As you know, Toro was spun off OXR during the Uranium boom so that it's value could be realised. After an initial surge the sp has been low for a considerable period.
There are two schools of thought on the long term Uranium Supply/demand balance.
One is that Uranium is the energy to be in. The other is that if Olympic Dam upgrade comes off, the extra supply will be enough to keep the market "depressed" for years. There may be a small window of opportunity until OD upgrade is commissioned, but TORO may not be in a position to take advantage of that.
I suppose I am not as bullish as yourself.
As a shareholder I am happy with the holding, (A bit like RIO with ERA) just sitting where it is. If OZL made it a "bottom drawer" stock and come back in 3 years time and then make a call on what to do, that would be good.
Distracting management from increasing the Copper reserves and expanding throughput at P Hill, is IMO, not a good idea. I would want them focussed on the main game
HT1
OZL Price at posting:
89.5¢ Sentiment: LT Buy Disclosure: Held
