Totally agree. The longer they wait, the worse it's going to get. They need to just rip the bandaid off and either pull the trigger and execute the option, or announce that they're walking away. The uncertainty of "will they/won't they?" just results in constant unnecessary pressure on the SP, and it keeps getting slowly walked down. And no matter how low it goes while we wait, it will inevitably go much lower if/when they have to abandon the option.
I think a lot of people here (not you obviously) fail to put themselves in the shoes of a potential partner. Their obligation is to their shareholders, not ours. So how do they get the best deal possible in the interests of their shareholders? IMO, they string CE along, then pull the rug and let exclusivity pass. The WR1 share price subsequently gets decimated, and they can clean up Renard and WR1 for cents on the dollar. I find it unbelievable that some people think that someone will generously save WR1 management from themselves, when all they have to do is wait. The following quote comes to mind:
"Never interrupt your enemy when he is making a mistake".
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