RE: Cheap options so pescod says Good post MJH.
Management has done an excellent job managing a long term game plan, and through some difficult times. Many people seem to forget management was one of the key reasons people got involved in this.
Too many day trades looking for events to pan out within the week, and have little understanding of running projects such as these. So many people condemn management for missing their target for Athena commencement; from my perspective, new safety measures became apparant, and management made a very good decision to delay (INTENTIONALLY) the start in order to further enhance the BW Athena's mooring arrangements.
The kind of decision which avoids unforseen and costly delays later, and the kind of thinking that makes you feel they are doing the other things right !
I have a pretty large position here, and I am looking for them to get a fair price or walk away from the sale discussions - fair in my mind is 5'ish (why sell for less than the market is likely to value you in less than 12 months)