Guys, the biggest gains in our share price lies on the development/construction pathway.
What I mean is, the market must regain CONFIDENCE in management, that they are:
1) SERIOUS about building a mine at Wiluna, to see the uranium in the ground ultimately converted into cashflow.
2) COMPETENT to manage this project, which entails:
a) securing FUNDING, while minimising DILUTION b) and, having the required SKILLSET to build a mine
In my view, in light of where RH has led this company in the years he has managed it, accompanied by enormous dilution with zero results. And given his particular skillset and expertise, I believe the market does not have this confidence.
My point is...yes, we may see a rise in our share price this year, as funds flow into the sector, and nuclear energy garners more support world wide. I sure hope we do! But ultimately, I believe, we will always hit a ceiling. That ceiling will always be RH, for the many reasons we've preciously discussed. I think the market is aware of this. I hope that a sufficient number of large holders can see this too.
TOE Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
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