"If, as you say, you don't expect the price to rebound significantly until the 3rd Q results are in, wouldn't it be better to have your money multiplying somewhere else till then?"

If you knew where the bottom was and bought in then, definitely. You would be able to invest your money elsewhere for a few months until it was time to buy your asset which was about to appreciate.

But I certainly am not skilled enough to time it just right... so, since I am confident that we'll return to $2+ in 9-12 months, I'll pick and choose buying opportunities that I see are good value.

When I look back a year from now, I'll have hind-sight to judge whether I was being wise or foolish. Only time will tell.