Yep. How does that make sense?? Unless...RH didn't believe in, or understand, the uranium market supply-demand fundamentals?! Is it possible that they simply lacked the competence or interest, to understand that the uranium bull was well underway in 2020-2022, or that we desperately needed the WA mining permit to survive as a uranium mine developer in WA?!
But, how can a mining executive getting paid $500k/yr, not have seen this, or not have known this?
Very strange. And very upsetting.
These guys were care takers, for many years, while the spot price was in a bear market...and in my view, they still ARE care takers. Not mine builders. It must be a great position to be in, being a care taker - not much pressure, little work, great pay, right? Am I wrong?
To me, they have demonstrated zero interest in building a mine. I don't think they even know the front of a mining truck, from it's ass, or anything about pit designs, or haul roads, or dewatering infrastructure, or large project management etc...I don't think they have any interest in actually building & running any of that. Do you? I mean, how could they, they wouldn't know how.
The question is, why are the institutional investors and large retail holders, putting up with this? Why put up with these awful results? I mean, the longterm instos have lost 50-75% of their investment in the last 5yrs, no? And now they're stuck holding large losses, without a mining permit, while the uranium bull passes them by. So, why do they continue to reward this management? That's the ONLY thing I don't get. I mean, imagine if BHP or Rio Tinto lost 75% of their value in 5yrs? How long do you think the CEO would last?
TOE Price at posting:
36.5¢ Sentiment: Hold Disclosure: Held
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