TOE 1.85% 27.5¢ toro energy limited

Uranium to Double?, page-59

  1. 183 Posts.
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    Hi Ozjo, welcome and congrats on buying in when others panic sold.

    With Toro the share price has been affected since the Sep 21 highs primarily due to a lack of substantial works around its WA mining license, if the extension approval is granted and management start to do some PR work the SP should run given the resource size. I believe there's only 4 permit license in WA and of those only Vimy have been able to meet conditions at this stage.

    This is a snippet from the Quarterly Report released in early Feb.

    https://hotcopper.com.au/data/attachments/4160/4160893-7418fa9e1c8642b8fc31488779a6b95b.jpg
    A change in sentiment from state and federal government, or our allies around supply, and suddenly this resource becomes a lot more valuable and in demand. I'm sure others here will be able to offer more informed opinions.
 
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