TOE - Toro Energy

[77TRADER77]

Okay guys, read up on this! Check out the Minotaur MEP Resources address by CEO on MEP site (They ceded their uranium to Toro as did Oxiana) and check out the prospectus on what looks like the most exciting venture for any new player in uranium (and BHP has its finger in the pie!)
How do fellow uranium watchers see this?

 

[Ann]

Re: TORO ENERGY (TOE) LIsting 20 Feb 2006

77trader77

I tend to agree it may well be an excellent float.Probably difficult to get in to it unless you hold OXR.

One wonders if the success of Toro will carry the Ox's price higher with it as they own a swag of Toro.

Here is a link to the prospectus if anyone is interested.....

http://www.toroenergy.com.au/

 

[darian]

Re: TOE - Toro Energy - Listing 20 Feb 2006

any thoughts on this float? ive been give priority offer, should i take it?


darian

 

[laurie]

Re: TOE - Toro Energy - Listing 20 Feb 2006

any thoughts on this float? ive been give priority offer, should i take it?


darian

Only you know the answer to that! I know where you are coming from but your financial position is known only to yourself you will know the answer as we would the day it floats

cheers laurie

 

[laurie]

Re: TOE - Toro Energy - Listing 20 Feb 2006

6 March 2006
TORO ENERGY LIMITED SHARE OFFER TO CLOSE
MORE THAN 191% OVERSUBSCRIBED
Minotaur Exploration Limited (“Minotaur Exploration”) and Oxiana Limited (“Oxiana”) have been advised by Toro Energy Limited (“Toro Energy” and the “Company”) that the $18 million Toro Energy share offer is more than 191% oversubscribed and as such has been closed as at 12.00 noon ACDT today.
As of the close of business on Friday, 3 March 2006 $52.5 million in applications had been received. Accordingly, the offer, which was scheduled to close on 10 March 2006, is being closed early due to the overwhelming interest shown by eligible shareholders of Minotaur Exploration and Oxiana, and new investors.
As outlined in the prospectus, the Company retains absolute discretion in allocating shares under the offer. Given that interest has far exceeded the size of the offer, applicants should note that their applications are likely to be subject to scale back or may be declined. If the number of shares allotted to an applicant is less than the number applied for, surplus application money will be refunded in accordance with the prospectus. Applicants to the priority offer will be treated preferentially to applicants to the public offer.
The allocation of Toro Energy shares, as stated in the prospectus, is subject to approval of a resolution by the shareholders of Minotaur Exploration for the sale of shares in Minotaur Uranium Pty Ltd to Toro Energy (according to ASX listing Rule 11.4); and Minister’s consent under the Mining Act to the sale of the rights of access to explore for uranium, and for mining and processing uranium, under both of the tenements access agreements and the new agreements referred to in the prospectus.
Minotaur Exploration and Oxiana are pleased to advise that Minister’s consent was obtained on 21 February and a meeting of Minotaur Exploration shareholders to approve the resolution for the sale of shares in Minotaur Uranium Pty Ltd will be held on 14 March, 2006.
Further details on the expected date for despatch of holding statements to successful applicants and the expected date for quotation of shares by ASX will be advised following the Minotaur Exploration shareholders meeting.
Owen L Hegarty Derek Carter
Managing Director Managing Director
Oxiana Limited Minotaur Exploration Ltd
For further details:
Oxiana Limited: +61 (0) 3 8623 2200
Investor enquiries contact: Richard Hedstrom
Media enquiries contact: Natalie Quinn
Minotaur Exploration Ltd: +61 (0) 8 8366 6000
All enquiries contact: Derek Carter

This baby will fly past .85c on the first day

cheers laurie

 

[darian]

Re: TOE - Toro Energy - Listing 20 Feb 2006

I'm pretty happy with my decision to subsribe for them! but don't know how much I'll get! fingers crossed.

Darian

 

[nizar]

Re: TOE - Toro Energy - Listing 20 Feb 2006

I'm pretty happy with my decision to subsribe for them! but don't know how much I'll get! fingers crossed.

Darian

oh damn i sent my cheque in on thursday.... i probably missed it :swear:

 

[laurie]

nizar
If you live in the same capital city as the address of the IPO you are fine as it's overnight delivery interstate is though 3 business days

cheers laurie

 

[nizar]

any thoughts as to what this will open at on friday 24th?

 

[laurie]

0.85c------->0.95c : we will see still waiting for my allotment interesting to see how much of a scale back is applied !

cheers laurie

 

[bvbfan]

Looks like minimum applications for a lot of people, only got minimum application in one lot, the other is not showing up yet, hope that i get that now

 

[laurie]

how do you check what you got!

cheers laurie

 

[bvbfan]

westpac seems to have updated holdings overnight, my Commsec not updated though so I may have missed out

 

[darian]

i got a comsec account and i only got 8000 shares....

 

[laurie]

Bl00dy hell I only got 13% of what I requested may have to buy on market no......wait I think not

cheers laurie

 

[redandgreen]

a fizzer....only got 8000.
It's a mug's game.... How can the little guy ever get a break?

 

[nizar]

a fizzer....only got 8000.
It's a mug's game.... How can the little guy ever get a break?

same here, only 8000..

dont worry though, 8000 shares = $8000

 

[laurie]

a fizzer....only got 8000.
It's a mug's game.... How can the little guy ever get a break?

Spot on mate shafted!! like to see what the directors got!! we are NOT all equal as shareholders some more than others :swear:

cheers laurie

 

[jet-r]

This reminded me of Tattersall's float. I asked for $10k worth of share and they gave me nothing.. NOThinG>!

Tight float like this is guaranteed a windfall gain on the first day........

Spot on mate shafted!! like to see what the directors got!! we are NOT all equal as shareholders some more than others :swear:

cheers laurie

 

[laurie]

Ok now who here will sell on first day trade and take a profit :

cheers laurie