I keep telling folks...something just ain't right with this management team.
Ever since RH turned down the mining permit, offered by Premier McGowan, in Jan 2022, I've smelled bullshit.
You see, I had worked in mining in WA for 20yrs at the time. When RH simply tore up our chance at the mining permit, I knew how big a deal that was. Because, for us mining folk, achieving a WA mining permit is the holy grail, it is a bloody hard thing to win, it's everything we work for as a mine developer in WA. That's when I began to suspect that something was very wrong with this company.
Then, think about all the weird things they've done since, like trying to switch to Nickel & Gold, and then suddenly cancelling that, and then starting to talk about a demerger, and then not delivering the demerger...deliberate chaos? Think about all the promises to deliver that they've broken so far. I've mentioned these many times. None of it makes sense, right? All of these actions have chipped away at the company's credibility, and the share price has been hit.
TOE Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
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