I understand your rationale, don't get me wrong but what do you think would have happened to the share price if they said they were going to defer construction 12 months, keep drilling and consider smaller throughput? This market is clearly not value driven like some of us are. It's time and reward driven which is frustrating as hell but I can almost guarantee if that was the route taken we would still be at 25c or even lower.
What happens if market conditions aren't more favourable in 12 months? Do we defer another 12 months? Are all the debt offers still there?
WAF Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
(20min delay)
