I'm just looking to breakeven now, and exit this slow-motion train wreck.
I joined thinking that large holders would eventually take action and vote against RH.
I now believe no matter how bad RH performs...no matter how bad the share price performs, he will never be held accountable. I don't understand it. It's inexplicable.
After 4 years of systemic failure, and a sliding share price, driven by:
* The epic decision to give up on a WA mining permit in Jan 2022, by choosing not to complete 'substantial commencement'. Leaving the company's only resource stranded in a uranium ban.
* Failure to notify market of intent to not complete 'substantial commencement', leading up to Jan 2022 deadline.
* Failure to deliver on key promises to market. With just the latest promises not kept, being the demerger and the pilot plant.
* A costly botched attempt to change the strategic direction of the company away from uranium, to turn it into a gold/nickel explorer, during a uranium boom?? So much shareholder capital was burnt on this bizarre insanity. Have holders already forgotten & forgiven this gross error in judgement?
If anyone still believes RH, a small-time city lawyer, who manages 4 other directorship positions at 4 other companies, has any intent to develop and run a uranium mine, then I've got a bridge to sell ya.
And the LNP will not win the WA state election in 2025. That's the betting odds.
...so, now what?
TOE Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held
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