Ann: Sale process commencement and resource upgrade, page-62

If RWD is in any way involved I think you can assume the plant has not been a success.
You can also assume that none of the other 20 parties (as per AFR article) can see a way forward.
RWD’s processing doesn’t include flotation tanks. They don’t think flotation will work. If they are involved you have to assume part of the plant is essentially scrap.
I have been at RWD AGMs and heard them talk about flotation and make disparaging remarks about MOP conversion.
You also have to consider RWD already has the best resource. The SO4 portfolio of lakes would be a tenement burden they don’t need.
I think the value of Lake Way would be as a demo plant assuming they could use the plant (less the flotation).
Having said all of this this, their micro cap status suggests they aren’t involved in a deal but the timing of events is intriguing.