Lithium has been on the decline for a while. Renard was never contingent on securing a strategic first. Now we're told that's their plan. Lithium price, IMO, doesn't have anything to do with it - as it could be at all time highs and that wouldn't change the fact that they still would need to find the money to repurpose it. They simply want to de-risk further going into it. There's no argument to be had here, it is what it is and this is how it's played out.
But like I said, the decision to secure one before acquiring Renard is the "new" plan, and in 6 months time this could very well change again.
In any case, no matter what the motives, if Renard doesn't proceed then IMO the share price will tank - regardless of what other projects they have.
WR1 Price at posting:
30.5¢ Sentiment: Hold Disclosure: Held
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