Australian (ASX) Stock Market Forum

TOE - Toro Energy

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read somewhere that drilling is to start very soon. (like within the next week..)
Can anyone confirm whether they eyeballed the same article?
 
This stock getting to $1.6 after IPO of 25c and day 1 of 80c is very very scary,

I too am now getting worried about Bubble territory not to mention the fact that a big correction will burn and cause market to be cautious of Uranium sector,

But to those who got IPO @ 25c and were savvy enough to sell @ $1.50 :birthday: (Well it may as well be, even with your min allocation of 8,000 @ 25c you made a profit of $1.25 x 8,000 = $10,000 ! ! ! ! ! ! :eek: Enjoy it!
 
Hi all,
I just join this forum. I am amazed to see this new listing stock, fly beyond boundary. I want to have this share, but afraid that will be left over by the bullrun just like my GBE.Any idea, the safe level to purchase this baby?
Thanks
 
YOUNG_TRADER said:
This stock getting to $1.6 after IPO of 25c and day 1 of 80c is very very scary,

I too am now getting worried about Bubble territory not to mention the fact that a big correction will burn and cause market to be cautious of Uranium sector,

But to those who got IPO @ 25c and were savvy enough to sell @ $1.50 :birthday: (Well it may as well be, even with your min allocation of 8,000 @ 25c you made a profit of $1.25 x 8,000 = $10,000 ! ! ! ! ! ! :eek: Enjoy it!
Click to expand...


Couldn't agree with you more... but Toro is on it's own in being grossly overbought... the rest of the sector has more reasonable fundamentals... If Toro drops like a stone (and i see no reason why not - then again i see no reason why it shouldn't keep going) there will be a minmal effect on the rest of the market - I had a look at the project reports for them and saw nothing to make them stand out from other Uranium explorers...
 
Sodapop said:
- I had a look at the project reports for them and saw nothing to make them stand out from other Uranium explorers...
Click to expand...

Maybe it's the report that's sitting on OXR/MEP desk that may be the reason they floated TOE !! I'm sure they had an idea what they were sitting on :2twocents

cheers laurie
 
powerkoala said:
Hi all,
I just join this forum. I am amazed to see this new listing stock, fly beyond boundary. I want to have this share, but afraid that will be left over by the bullrun just like my GBE.Any idea, the safe level to purchase this baby?
Thanks
Click to expand...

IMO the big money has already been made with toro...

Theres a new uranium float coming out soon, u308... see their website... www.u3o8.com.au....

Or as an alternative have a look at the smaller cap U explorers eg. SAU market cap <$10million, toro almost $200mil market cap at these prices and havent even dug a hole... id be very scared to buy in at these prices... :2twocents
 
the "big end" is interested in TOE that is why it stands out. That is not say say that it wont drop but chances are it might just keep running with a few breathers along the way.
My opinion only of course (I own Toro). but have not bought any more since the float.
 
The correction is happening as I am writing. Down 23cents to $1.1 now.. I think people finally realised the fact that Toro has even dug a hole yet.

I think this thing will go below $1 and settle at about 70-80 cents before drilling starts.
 
It looks to me that the current sp is at the bottom of wave 2 correction. The upside potenital is there

There are 136 buyers demanding 1,250,910 shares compared to 63 sellers at 650,302 shares.

record High 1.6
record Low 0.7
Height of the wave 1.6-0.07 = 0.9

Current price 1.03
Distance from record high 1.6-1.03 = 0.57

% of wave 1 = 0.57/0.9 = 63%

what do you guys think?
 

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Depends what happens with the Chinesse visit! if they sign hold on to the Toro :D :D

cheers laurie
 
Fab said:
Will U308 be the new Toro and why ?
Click to expand...

No, one of the major factors IMO driving the demand for toro, was the reputation of the management team esp. Owen Hegarty from Oxiana. He has made alot of investors alot of money. ANother was BHP holding 1%, though this wasnt important, it gave confidence to people no doubt...

But from what i read in u3o8 prospectus, it looks good, with very high grades at ashburton (upto 37%) and dawson well (>400ppm) projects in WA...

THis will excite the market, and no doubt being a small float, 25million shares at 0,20c to raise 5million, it will close oversubscribed.

Only 5million shares allocated to public (already gone IMO) and the rest for Giriala Resources holders.

Another toro, unlikely, but i think u can expect 40-50c on open...

U sell on open, make double at least, but i mean they hold your money for 3-4 weeks... so u just have to ask yourself, is double enough in todays market ? :D
 
Re: TOE - Toro Energy - GREAT POTENTIAL RIGHT HERE

From This Weekend FIN Review - Market Wrap

Pages - 43/44

...." Toro Resources, despite only joining the Australian Stock Exchange list two weeks ago is among the best perfomers.
Toro shares were issued to shareholders in parent companies Oxiana and Minotaur Resources at 25c each.
Last week the company joined the ASX first trading at around 80c before rocketing to $1.60 the next day before starting to ease over the next few trading days to Friday's close of $1.025 a share."......

----------------------------------------------------
Now, Prime Minister John Howard will hold talks in Canberra tomorrow with the Chinese Premier Wen Jiabao, where an agreement is expected to struck over uranium exports.

It's going to be an interesting week for the AUS Uranium stocks.... The AUS companies may want to "jazz the SP up a little" to get the attention of Mr. Wen ? hehehehehe

Surely the Chinese criteria on our AUS U companies will be - location, size of the tenemets and the company's background.... so, IMHO TORO is extremely well placed and should look good for the Chinese..... :)))))

...."Toro's ground will comprise 26,000 square kilometres in South Australia's Gawler and Curnamona Cratons, with the state containing two of Australia's total of three uranium mines."......

...."Despite its large resource base, most of Australia's total
uranium resources are held within only six deposits:

* Olympic Dam in the Gawler Craton region of South Australia,
the world's largest uranium deposit;

* Ranger, Jabiluka and Koongarra in the Alligator Rivers region
of the Northern Territory; and

* Kintyre in the Rudall Province and Yeelirrie in the Yilgarn
Craton of Western Australia."........

...."The company was formed through the amalgamation of the uranium
interests of Oxiana Ltd and Minotaur Exploration Ltd in South Australia,
to create one of the foremost uranium explorers in one of the world's
most prospective uranium regions."....

..."Toro Energy's tenements are considered prospective for a number
of different styles of uranium mineralisation, as found at the Olympic
Dam project, the Prominent Hill deposit in the Gawler Craton and the
former Radium Hill mine in the Curnamona Craton.".....

...."4. What work programs have been completed at the project? How much drilling has been carried out?
Varying amounts of historical exploration drilling has been undertaken on the tenement package the past. Uranium specific exploration will commence on listing. Recently some drilling has been completed at the Warrior prospect and extended the known palaeochannel by some 4km.".....


Looking set and interesting for Monday-Friday coming....
 

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