I fear much worse is coming. A liquidity event is on it's way, as always precedes an overleveraged and excessively indebted economy on the precipice of recession.
In my view, RH missed his window to shine, when he gave up the opportunity to obtain the offered WA mining permit in Jan 2022. He has utterly destroyed value in the share price, thoroughly. Judging by the best comparison to gauge by, Vimy, we should be valued around $750million right now.
And now, I fear it's too late. We are heading into some very difficult years for the global economy, and financial markets.
TOE Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)