Because, as I have mentioned on here before, sadly management are not focussed on uranium. They don't belueve in the structural change to uranium pricing.
From my talk with Greg, it sounded like they think it will be another quick boom-bust scenario for uranium price. They are now focussed on gold and battery metals, they believe there is a longterm future there.
Also, as I understand it, soon their ministerial approval runs out, and they have not done a single thing to make an effort to satisfy it's condition of "substantial commencement" works. So, I find it hard to see how an anti-uranium labor govt will accept any lame justification to grant an extension...why?
Not a good investment vehicke for uranium, in my view. Very sketchy.
Toro's investments, page-8
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