Oh I agree, there were numerous problems with RVR as listed above by other posters above and also including a Trafigura dispute about royalties with cashflow interruption, Covid, ridiculous blow-outs in underground mining costs, slow and uncooperative QLD government and regulators not granting the Liontown mining leases in time, Pybar contractors possibly not performing underground, being perceived as a Zinc miner, short mine life and not drilling far enough ahead of the mine so always struggling to fill the mill, mill possibly not tuned/designed to recover much copper and gold, spending money drilling exploration holes and not looking at them, an old mill, workforce shortages, base metal prices especially Zinc, fuel prices, energy prices, mistimed acquisitions of Hillgrove in NSW, running the business with low cash reserves so one stope failure sent the entire company under.....etc
And probably more with incompetent administrators appointed who were lazy and in a hurry - the issues were so numerous I think most would chalk it up to poor management, not necessarily the geology or the ground itself.
SHN Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
(20min delay)