Yes, I agree, it has smelt off for a looong time. In my opinion,...

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Rubiconis

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20/09/24

21:52

Post #: 75773219
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Originally posted by Mikesmith1981: ↑

Get Rid of RH

If a hostile takeover is afoot, and sure feels like it is, then the mission is get the 30 day and 90 day vwap down enough so that everyone would be relieved to offload at say 60c, and kind of feels like its at that point. Never know they might even get it for 50c but I feel that's a stretch, Had we have touted that number when the shares were 40c there would have been no chance of succeeding, but now its different. Its halved. And he is earning $10k a week eating into the cash position weekly. So they will probably pounce soon while the cash is there and not being frivolously spent on more studies or drilling or a pilot plant. Obviously this is pure speculation from my end. But that would make perfect sense for all the director purchases. Line the pockets one last time. One thing I think we can all agree on is that this stock smells off. Everything about it except the cash position and asset value

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Yes, I agree, it has smelt off for a looong time.

In my opinion, it all began with RH walking away from Mark McGowan's offer of the WA uranium mining permit. RH rejected it (by not completing 'substantial commencement'). And he never informed holders of this plan, leading up to McGowan's deadline of Jan 2022. Since that epic rug-pull, this company has suffered, hit, after hit, after hit.

I tell ya, some days, I can actually begin to believe that he simply hates this company, and wants to see it destroyed...I just don't get it. It has smelled off for a long time.

I actually hope you're right. I hope this company is taken over, and RH kicked out. Wiluna deserves far better.

TOE Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

2 Great analysis

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