There is one thing we could do, to give the market confidence in our stock.
Remove the current leadership. Wipe the slate clean.
Replace RH with a solid mining executive, a mining industry leader with a proven track record in starting & running greenfield mining operations. That's what this world class asset needs now.
We need someone with the industry reputation of building & completing mines. There are people like that out there, people like Borschoff, the market knows them as managers that are motivated solely by the personal satisfaction they get out of completing new mining projects. It's a special skillset, building a mine is insanely hard, and extremely high pressure...you need to know how to do it, and to truly love it.
In my view, RH has no intent of building any mine. I see RH as a caretaker, who is now desperately out of his league, and overstaying his welcome.
The fact is, we are no longer in caretaker mode, the gravy train ride is over. We are in a different phase of the project now.
TOE Price at posting:
33.5¢ Sentiment: Hold Disclosure: Held
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