Held PDY for quite a while but now have no confidence in mgmt. After the recent fiasco and absolutely no explanation, all reference to talks with the Chinese should be taken with a grain of salt.
I would not trust this lot to run a bath. As some posters have indicated, not sure how price is holding but I am out at a loss but better than relying on a bunch of amateurs in the vague hope that they will convince some Chinese companies to invest - The Chinese are way too canny to be working with a two bit company with no influence. The Chinese work on relationships and given that GS did not engage with government then not sure what they bring to the table other than a history of failure.
on the way back up 50% today, page-60
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