As further proof that Richard Homsany never truly understood/believed in, the coming uranium market supply crunch, and never intended to develop our Wiluna asset, and was instead pivoting away from Wiluna to Nickel/Gold, I point to these further actions:
1) It has been 7 long years since the original environment approval was signed for Wiluna, and in all that time Richard Homsany never even completed a Pre-Feasibility study.
2) Upon forfeiting the WA Govt Approval in Jan 2022, 2yrs have since passed. And since that time the uranium boom has well and truly taken off, and other uranium developers have multiplied in value. And despite announcing it back in 2022, Richard Homsany STILL has never even applied for an extension to the 'Substantial Commencement' completion date.
TOE Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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