TOE - Toro Energy

[Woody]

SIIVS, who knows. I think personally I'd have preferred to be recommended into Stellar (plenty of good background posts on here), and have a dollar each way.

Leveraged into Toe, but also plenty of other irons in the fire, some of which they will be reporting on soon. And they are cheaper and smaller market capitalization.

If Toe come up with the goods though, you will be a bigger winner. I hold Stellar, so we are on the same team. Good luck.

 

[TheAbyss]

Folks

I will be at a lunch tomorrow where Greg Hall, TOE MD will be guest speaker. There will be Q&A time so does anyone have a key question that his input would be an advantage?

 

[Ken]

How did the lunch go?

I am interested in TOE as I am really heavy on SRZ.

Thoughts???

SRZ seems a forgotten stock but has it had some waves. History says buy below 30 and should do okay at some point along the timeline.

Hopefully TOE can perform well and drag SRZ along for the ride!

 

[TheAbyss]

Interestingly i walked away with two firm opinions based on personal discussions, the information provided within the speech and the public forum questions afterwards.

1. It will be a very long time before any of the australian explorers convert their findings into a producing mine. It would appear that the game is purely to prove up resources and sit on them. Honeymoon then Napperby are realistic plans however a lot of red tape and hard work between now and production.

The Namimbian based explorers are more likely to be in production first howveer there are some concerns on what market they will be selling into.

2. I asked for an opinion on SRZ and was told that the opinion is that SRZ have very good Geo's.

If you were to take Greg Hall's comments into consideration and base an investment plan on them i would wait until U gathers some momentum again and when it does get into some of the Namibian based explorers.

Bets of the Australian based are the proven ones in BHP and ERA.

I had the feeling that he felt SRZ were a more than viable concern so intend to increase holding after the current the knife goes through the market place due to the US situation currently.

All of the above is purely my interpretation of Greg Hall's comments.

 

[Woody]

Thanks for that feedback, appreciate it.

SRZ do have top flight Geo's and are a very professional mob.

I reckon we have to keep an eye on the central Asian uranium hopefuls. If they hit pay dirt they will be up and running in no time. NMR is one to watch.

 

[Go Nuke]

TOE has gone into a trading halt till at least Tuesday...any ideas?

Could be anything I suppose but perhaps its more news on ther Warrior Drilling

With the way their share price is looking, lets hope its good news for those of you that hold TOE.

 

[reece55]

TOE has gone into a trading halt till at least Tuesday...any ideas?

Could be anything I suppose but perhaps its more news on ther Warrior Drilling

With the way their share price is looking, lets hope its good news for those of you that hold TOE.

Go Nuke
Look at the body of the request from Toro - it will give you a clue into what is happening.

Toro is actually a client of mine so I know the reason why, but if I told you, I would have to kill you!

Cheers
Reece

 

[Ken]

Something to do with NEL.

Merger is the what it says in the paper.

Oxiana is mentioned also interesting to watch this.

I hold SRZ so I hope its good and they buy out SRZ as well.

 

[reece55]

Well, considering it's now out there in the public, I can finally say a big congrats to Greg and his team for pulling of an incredible deal. This is great news for South Australia and will create a serious player in the Uranium game. For those not familiar with either Nova or Toro, have a good look, because I would have thought they are going to be around well after this little correction/crash ends......

Cheers
Reece

 

[56gsa]

So what do TOE punters think of the NEL merger - looks to be good value for TOE, and gives their resource base a bit of a boost. Also takes TOE into ASX300 territory ... any thoughts?

 

[Trader Paul]

Hi folks,

TOE ... looking for a lift off current lows, this week ...

happy days

paul



=====

 

[DOC]

Well, considering it's now out there in the public, I can finally say a big congrats to Greg and his team for pulling of an incredible deal. This is great news for South Australia and will create a serious player in the Uranium game. For those not familiar with either Nova or Toro, have a good look, because I would have thought they are going to be around well after this little correction/crash ends......

Cheers
Reece

hi Reece,

i'v seriously got to ask WTF on this one? any feedback you may have on their massive fall would be apreciated?
i'm hoping its just market sentiment, but it has been hit pretty hard.

cheers and thanks in advance,
doc

 

[yogi]

This ones been quiet for a while. A recent spike to around 40c, and back down to 27c? Any comments anyone?

 

[squalker]

jumped in at .24- seems to be spiking up nicely today - does anyone know why or is it just matching the sector

 

[exgeo]

Today's Centipede/Lake Way PFS announcement. Cash costs of around $40/lb. Including capital costs this becomes nearly $50/lb. All numbers in USD except where stated.

Low Cap. Intensity (AU $196m)
($164m capital cost / (1.5 Mlb per yr * 12 years)) = 9.11/Lb

High Cap. Intensity (AU $247m)
($206m capital cost / (1.4 Mlb per yr * 10 years)) = 14.70/Lb

Even a more moderate grade increase scenario of 20% has the potential to lift the project net present value by an additional A$88m to $166m with an internal rate of return of 24%.

Presumably this would also work in reverse too, so if the mined grade is lower than calculated, the already low returns would be wiped out. An IRR of 14-15% doesn't leave much room for error. *USD/AUD = 83c

 

[oldblue]

I seem to remember that one of the bigger miners has a fairly big interest in TOE.
Can anyone tell me who that is?

 

[matt1987]

I seem to remember that one of the bigger miners has a fairly big interest in TOE.
Can anyone tell me who that is?

Im pretty sure oxiana (or OZ minerals) has about a 40%-50% stake in toro energy.

not sure whether the market has factored in much value for ozl's stake in toe as witnessed by how low ozl's sp has been of late imo.

 

[oldblue]

Im pretty sure oxiana (or OZ minerals) has about a 40%-50% stake in toro energy.

not sure whether the market has factored in much value for ozl's stake in toe as witnessed by how low ozl's sp has been of late imo.

Thanks, matt. It's all coming back to me now.

I've just looked at today's OZL presentation and there's no mention of TOE. So it doesn't look as if the company attaches much value to its stake either, at this stage!

 

[J.B.Nimble]

Yes, in the merger between Nova and Toro, Oxiana ended up with 46% , Minotaur 7%, and small holders ended up with a rapidly diminishing sp. TOE holders ended up on the poorer side of the deal given the relatively advanced state of the Lake Way/Centipede project - ironic given its politically difficult location

The PFS wasn't overly exciting based on 80 $/lb but it did come out sufficiently positive to keep going. The announcement feels like it was on hold pending the change of government.

An interesting development is that LBY are in trading halt pending announcement of a significant transaction. LBY have their Firestrike prospect (2.7km of strike so far) just 22km away on the south east side of Lake Way. I might be joining the dots prematurely but it would be a nice fit for TOE, giving them a bit more scale for the Lake Way/Centipede project, and would be nice for LBY to fund their manganese hunt on Flores. I guess we'll know tomorrow.

 

[J.B.Nimble]

Yes - did jump to a conclusion on the LBY halt but it would be a nice little deal for both parties if they went that way. But what an interesting announcement from LBY. A real "me too" play but some huge acreage involved...