Put it into perspective
Market is valuing the deal at less than 50 percent chance of happening.
Worst case scenario - deal falls through - stock goes back to 1.11 (unlikely to happen after 30 million traded) - 57 cent loss. Anticipated scenario - deal goes through - 52 cent gain. What about the real possibility of shell offer? Of course, they are interested, they bought right next to us?
I just bought another chunk to add to my core position that I built at around a dollar cost. Not selling a share, despite significant profit. Either market is stupid or I. Time will tell.