""a good lesson for all in the small cap area"".
finding commercial oil/gas fields is very very hard.
it may take 2,3,4 or 5 attempts before you hit the mother load or at least commercial.
thus you really should think "is it worth holding right up until the final results".????
NO (although I know some will disagree).
the only companies that can substantially de-risk as prospects are mostly large caps. they have the money & personal.
small caps work on the smell of an oil rag. no where near the talent/experience of large caps.
off course the ball is in your park.
personally i'd take my money of the table and wait until the final results are announced. if they hit the mother load you can buy back in.
it's all about managing your risks and I believe most in hotcopper need to manage this area better than they have in the past.
may the trading gods look after you in 2014.
....
a good lesson for all in the small cap area
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