Ann: Sale of Waddikee Project, page-6

Why would they hold it? MOX had reported excellent results over a couple of years on the Waddikee graphite project and their share price went backwards, add in a failed cap raise and limited cash it was time to realize what value there was to put into other projects that have as much or more promise.
Waddikee is/was a very good graphite project and Archer got it at a reasonable price, but it come down to priorities when you have no cash on hand to further the project and no interested JV partners.