The 'license' debacle was all WDS's doing in that under 'normal processes' a company would farm in with a solid agreement and commitment to do stuff and earn an interest by doing so. Maybe it was the 'uncertainty' in how long the farm in would take given WDS's lack of experience in Namibia but we ended up with a cat herding exercise and WDS focussed on other stuff rather then exploration. Why the money spent on the 3-D and processing has never been explained in more than a few words to the WDS shareholders is also concerning. In a buoyant exploration climate PCL has its testicles nailed to the floor by WDS.
PCL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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