WCN has been struggling to get hold of a good project. Reedy South is a dud in my opinion but management has not been forthcoming.
If it was a winner, management would not have been looking for other projects, bouncing back and forth with the NZ project then knocking it back and concentrating on existing projects. Talk about PoW is just a tactic for stalling time. Wouldn't be surprised if this was put on the backburner to focus on the new lithium projects.
As a shareholder that bought in the 3s, I can only hope we're on a winner this time. Focusing on Lithium and REE is the right thing to do.
Just need to get cracking with drilling and provide some decent results. Change in management would also help.
Ann: Highly Prospective REE and Li Projects Acquisition, page-24
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