Firstly, how long did it take Mike Young from Vimy, to design, build & run the Mulga Rock pilot plant test? Answer...11mths, from start to finish (including the DFS report!). RH has had 12months, and he hasn't even shown us a final design yet. This is a game. He'll keep you hooked on little vague promises like this...again...and again...again. Every 6mths or so, he'll do one of these presos, to give you hope. It's been like this for years.
Secondly, how long has he been promising you this demerger? Every 6mths he gives you a new excuse. Look at the gold price...it's at a historic high, the AUD gold price is $4050, it has doubled in 5yrs. But, now is not a good time to spin-off a gold explorer?? Lol.
Very little will get done in 2025...like every other year of this company, since RH took over. It's just not in his personal interest to advance this project to the construction stage. Why can't holders like you see this?
TOE Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
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