Tuesday, August 31, 2010

Toro Energy: interest from Asian suitors

The Australian Financial Review had a nice write-up in yesterday's paper regarding Toro Energy (TOE).  The article discussed how there was many Asian companies interested in becoming joint venture partners for the Wiluna uranium project in Western Australia however Toro Energy was happy to progress with necessary approvals solo for now.

Also discussed was the fact that other companies from around the world were keen to sign offtake agreements.  Toro Energy is hoping to be in production come 2013 and it is handy that it's major shareholder OZ Minerals (OZL) is still sitting on a lot of cash itself.

TOE shares last traded at $0.099 after being on continuous slide in the last year but bouncing from $0.064 in June 2010.

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