It is difficult to recollect EXACTLY every little thing, and every single word, verbatim, we spoke. But, it was a lengthy conversation, maybe 30-40m8n. I enjoyed it. He is clearly very intelligent, competent and passionate about his work as a geologist. But, definitely 100%, I understood from the conversation that he didn't think the uranium boom was sustainable, or that price was going to remain elevated into the future, to justify spending capital to develop Wiluna. Hence why, after more than 5years, they still haven't made any effort to achieve "substantial commencement" works as required by the ministerial approval (which expires in Jan).
On gold and nickel, however, he was very, very excited about the recent drilling results.
But, don't believe me, call them up!
Bottom line, if they were interested in uranium, and believed in this new ura bull market, then they would be right now developing Wiluna. They would be demonstrating "substantial commencement" works to govt, just like Vimy did. Instead, they haven't even applied for the 3x secondary approvals, they don't even have the basic "mining" secondary approval. That says everything.
- Forums
- ASX - By Stock
- TOE
- Toro's investments
Toro's investments, page-24
-
- There are more pages in this discussion • 566 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TOE (ASX) to my watchlist
|
|||||
Last
24.5¢ |
Change
0.010(4.26%) |
Mkt cap ! $28.86M |
Open | High | Low | Value | Volume |
23.5¢ | 24.5¢ | 23.5¢ | $29.05K | 121.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 9450 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 50387 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 9386 | 0.240 |
2 | 132667 | 0.235 |
1 | 2700 | 0.230 |
1 | 16600 | 0.225 |
3 | 55008 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 50387 | 2 |
0.250 | 31634 | 1 |
0.255 | 36547 | 1 |
0.260 | 83000 | 3 |
0.265 | 13607 | 2 |
Last trade - 12.36pm 11/09/2024 (20 minute delay) ? |
Featured News
TOE (ASX) Chart |