Yes, I think you're right. I'm not a conspiracist by nature, but, in this case I am more and more convinced that something horrible (and illegal?) is going on. Where is ASIC?
And what do you think about RH's failure to notify the market, leading up to the Jan 2022 decision not to complete 'substantial commencement'? Is that worthy of an ASIC referral?
And, if you're right, how low, is low enough?
Lastly, what would Mega do with Wiluna? They have never developed or run a mine, they have no experience in building a minesite. It's just not what they do. They are basically a fund, which has made some bad investment decisions in the past. And anyway, there comes a point in a small cap developer's capital structure, at this point on the Lasonde curve, where if you depress sentiment too far, and destroy the share price too much, then you end up in a toxic downward dilution spiral, endangering the financial viability of your own investment.
Help it make sense?
TOE Price at posting:
19.0¢ Sentiment: Hold Disclosure: Held
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