Another point, PANR have 2 more 'biggie' wells to drill. Success at either one will multibag the SP. I have not given up on PD, the RNS is full of 'techno speak' Quite how a major news service can conclude from it that PD will be a failure is beyond me. Of course the MM love it as an excuse to mark down.
The run up to £1.70 was no big deal in my book (market cap £26m or so) We had dragged in SP since May when many 'lesser' companies were re-rating.
I had a similar situation last March when MXP fell from £1.60 to 83p I bought more near the bottom and profited on the trade when they rebounded to £1.27 within a month. Same at EME falling from 90p to 28p, bought at around the bottom and now happilly holding at around current market price.
Point I am making is that at this level PANR has potentially more upside than downside. I bought again today. Manzano will spud shortly, Wharton is ongoing etc, etc.
Sorry in my book a 25% fall is way overdone.
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