Something to consider...........Let's be brutally frank, nobody...

Something to consider...........

Let's be brutally frank, nobody in here knows with any surety whether the current price is a buying opportunity or not. Two months ago 4+ cents was a "bargain".......we all know how that played out.

IMO, one thing to consider before going gung ho into splashing your cash is to consider the following statement from their announcement three days ago:

"Given the temporary deferral of the FID we are reviewing all of the costs across the business, both at the assetand corporate levels, with the aim of taking costs out of the business. We plan to implement these cost savinginitiatives shortly and will provide additional details of the changes and estimated savings in the coming weeks."

Depending on the content of that upcoming announcement and how it is accepted (or not), it could have a material effect on the price.

Worth keeping that in mind, imo. Certainly not advice, however it might be prudent to be cautions before putting the farm on this.

To most (not all) in here, I hope this eventually works out well for you.