TOE 0.00% 27.0¢ toro energy limited

Plenty of people buy real estate despite current zoning laws not...

  1. 183 Posts.
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    Plenty of people buy real estate despite current zoning laws not allowing for particular developments. They just tend to have foresight and enough cash to sit on it and wait for planning and zoning to change and then they sell.

    https://hotcopper.com.au/data/attachments/4262/4262426-5ba24cb8738fd8e171a1773a22e1eb66.jpg

    Yes, Toro have missed the deadline for substantial works but it doesn't change the asset they own and pounds in the ground. Ultimately if Toro sell their project in the future at a substantial price to where we currently are I don't really care how we got there, so long as the sale has been profitable to shareholders.
 
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