If production was 2-3 years out from here, why buy now when you can buy at 2-3c in 2-3 years time?
"let alone the currently planned less than 12 months"
How many times have SHs got caught by surprise by the company guidance, and you are still treating it as "fact"? How many "facts" have gone wrong?
"Yes, I agree that another big delay could see a lower sp" and "So I think the current mc and sp is already factoring in further delays": these 2 sentences don't go together. Also, I am 99% sure that current mc has NOT factored in further delays, and you are wrong on this. We will very soon see this if they announce further delays. CR raised when they run out out of money in 3-4 months time will see sp lowered by another 25%. Have you ever seen a CR done at a premium in this company? Minimum discount was 25%, and the last one was even close to 50% (if free options are factored in).
