Yes that works well. Sometimes I just gather up all the "hard" bits and just add water and a little thymol to a container and when its 'syrup' feed it back, never any waste with fondant.Wrapped in cling film and a hole in the bottom (placed on the top bars), does not go hard in my experience.
If hard, remove from hive, uncover it, a fine spray of water ,cover it up as above.. .Will loosen it up.