Well, when your main project is in a holding pattern and at the mercy of the WA Government, you need to make it out like you are doing something, even if its paying consultants loads of cash to reinvestigate or remodel the project. More importantly it keeps RH's $10k a month salary going and fights off the investors who would want his head if it appeared like he was just waiting and doing nothing until the election.
Having said all that, we actually held our gains for once which is a positive signal in my view. Normally on days like this we retreat and lose the profits of recent days. A good sign that maybe the market is seeking bargains like TOE and investors have belief in the WA Liberals winning the election early to mid next year.
TOE Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held
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