IMO, the strategy all depends on the next announcement. If the drilling news offsets a Cap Raising, you won't need a Stop Loss strategy, and the SP could even go up.
If the drilling news is ho hum though, you could see a drop of 10-15%, so stop loss at 0.017-0.018? If you're in it for the next couple of months though I wouldn't even bother. This stock should head North.
