Ironic that the US dollar has risen quite substantially since the announcement of the award. So while GRZ may be only getting LIBOR +2%, it is costing Venezuela a lot more in the long run.
Emotional capitulation is not a good investment strategy. Even after you sell you still risk getting burnt when this stock bounces back.
I would hold for at least another couple of months. Definitely don't sell right now. If you're in need of cash try holding until $6