I took the loss yesterday - what little was left is far better spent elsewhere from here. I've made a fair whack on PLS and can see that comfortably 300% higher than today in two years. Might not be the overnight rocket, but it'll certainly cover any losses made here and then some.
This was always a very high risk play which I put a small amount on and lost - lesson learned. None of us fools still holding this week can say there weren't plenty of warning signs to bail earlier. Management are responsible for the utter debacle of one hole drilled, we are each responsible for still holding.
Far better to go with the 'Get in Early, Sell Before Drilling' approach on plays like this.
GLTAHs
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