replace current management, page-142

You know that RH had 3yrs as CEO to sort out the approvals situation, up to the 'substantial commencement' deadline of Jan 2022.

You also know that 3yrs later, RH walked away from Mark McGowan's offer of the WA uranium mining permit, by not even trying to achieve 'substantial commencement'.

You also know that, ever since he lost the mining permit, for the last 2yrs, RH has been telling us that he can apply for an extension any time he wants to.

You also know that RH has not applied for the extension, 2yrs have passed.

You also know, by all the evidence, that he has zero plans to apply for it, despite repeating that he can.

What an unbelievable, ridiculous situation. You know that we are stuck now.

It is very possible that we will be in this limbo until the 2029 state election.

Labour is very likely to win in 2025, and they have no intention to reverse the uranium mining ban, because they would lose the green preference vote as well as the far-left labour voters. Also "uranium" is too closely synonymously atached to "nuclear" power issue, which goes against Federal Labour's big anti-nuclear political stance. It's too hot an issue for state labour.

But, why would RH care? If TOE is in limbo for another 5yrs, so what? He would be ok, he would still collect his $500k package, and would have to do relatively little for it, if things stay in limbo. What an amazing lottery ticket the management team would have, don't you think? Am I wrong?