Giving them more than 6 months to see this through is yet another delay and missed timeline (see below). Where will the SP go then?
I think some fresh investors can give new perspective, as holding for a long time one can get blinded by the hopium
Example:
October 2023: Management advises main construction to begin Q1 2024
Quarterly report released this week: Management says FID end of 2024
CR Ann (24hrs after quarterly report): Management flip and imply FID could take up to mid 2025
I’m all for being patient, however I would prefer that management stop giving unrealistic timelines that get missed, or switch up the talk track for FID.
For example, in what world did they think main construction could begin in Q1 2024, when In October 2023 majority of the debt wasn’t finalised and the equity for the 800 mil was no where near completion, yet even started.
Im all for buying the dips with small parcels, however at this rate, FID could be 2026 for all we know.
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Giving them more than 6 months to see this through is yet...
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