Exactly, I have been saying that in here for months. No ASX board would take a risk of that nature, due to the RH failure of not taking the gift of a lifetime (substantial commencement). It is now a stranded asset and dependent on government change in WA. I am not even sure why they keep talking about it in every quarterly report, no doubt the same bs paragraph about the EPA substantial commencement option will be in this quarterly too! 9 quarterly reports in a row now! Over 2 years!
Right now, odds are well in favour of Labor/Greens in WA. No surprise with the way the public are easily swayed and lied to, especially in relation to energy. They still haven't woken up to the fact that energy prices keep rising, but if the government sponsored mainstream media and the government themselves maintain their rhetoric that cheaper energy prices "are just around the corner" or there is "financial help on the way" the public will take it hook, line and sinker.
Another 4 years of Lake Maitland deposit limbo, no ASX board is going to take us over any time soon.
TOE Price at posting:
33.0¢ Sentiment: Hold Disclosure: Held
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