Member Info for gemstar

Glad i baled at 5.5p Only wish I'd taken Tom's advice sooner

Don't worry, I assumed it was a joke Personally baled at 5.5p . My no 1 investment motto is - if the story changes, sell

Looks as tho Tom did well, baling last April As far as I can see, Sron is taking over some second rate Italian assets ,in order to have Mr Parsons come aboard with some untested project in Indonesia The only thing I know about Indonesia is that Nat Rothschild lost his investors shirts there not so long ago, vowing never again

Do we actually have to read the South African press to know wtf is going on here? 'JOHANNESBURG (miningweekly.com) � Australia-based gas producer Po Valley on Thursday announced that it would retain its northern Italy gas assets, after a deal with UK firm Saffron Energy for the sale of Po Valley Operation (PVO) was terminated. The transaction formed part of a broader three-way commercial deal to create a large European oil and gas business and from which Saffron intends to expand its interests to include South East Asian oil and gas assets. ASX-listed Po Valley reported on Thursday that the decision to terminate the transaction, announced in January this year, was mutual and followed discussions between the companies' tax advisers and the Australian Taxation Office (ATO). The sticking point was the 200-million shares in Saffron that Po Valley would receive for its northern Italy operations. Po Valley reported that its tax advisers were of the view that a favourable class ruling to grant demerger relief to Po Valley shareholders would be unlikely for the in-specie distribution of these shares. Further, BDO Corporate Finance that was tasked with delivering an independent experts report was of the view that the transaction was �neither fair, nor reasonable�, particularly as a result of the independent experts� valuation of the Selva and Teodorico gasfields.'

Interesting take on the Sound board �'I simply see this as sugar coating a poo pill. Fact is the pve assets were the jewel for Coro, revenue bringing and valuable. We�re left with a much weaker much more speculative SEA exploration punt or play, much higher risk and I�m frankly surprised JP wants to take us back there. I can see that sp getting a spanking on readmission. Playing out as seemed likely to me since the last pve drill result rns.' And 'Joe, my feeling is that value of what was lost through PVE leaving the merger is not countered sufficiently by the lower level of dilution / no of shares'

Yup, and now you have been offered a leap into the unknown With helmsman Masterman gone AWOL

Ha,ha,ha Sure you do

Not clear to me why SRON should be fooling around in Indonesia The mountains are high, and the emperor is far away.

A lot of people invested for this ' small beer' Obone, rather than haring off to Indonesia

Quoted on Shareprofits Seems I dodged a bullet here

From the Sou board, they are overjoyed at dumping their worthless Italian assets o to SRON And being paid for it! They can't wait to finally getting rid of Italy, by dumping their SRON shares later, and concentrating on Morocco

I see that PO Valley are down 20% today And Sound 3% Seems the market feels Saffron got the better deal

says that Zac not happy with deal

As I said earlier, when the story changes, sell Didn't Nat Rothschild lose a fortune in Indonesia recently?

Yup. And now there's talk of Eastern Europe and Asia My first rule of investing- when the story changes- sell Managed to bale out in the summer at 5.5p, so have avoided being locked in with these people I noted on the Sound board, I incidently, that people were congratulating themselves , having unloaded their non profitable / tiresome Italian assets on to SRON

I went into Mastermans company back in April and lost half my money Now he's no longer around in SRON I don't have a clue what is going on here now. I invested for the reasons recently set out by Obone. As was said in the Money Game, some people lose your money. Others make it You invest with those that make it Shall have nothing in future to do with anything containing Masterman or Taylor and Pope imprimatur

Would liquidation be the neatest way forward here? New revitalised beginning - clean slate etc

SRON was not one of the most boring shares of 2017 It was one of the most disastrous for anyone taking the hype seriously

Could also apply for punitive damages Also applying for an injunction to prevent sales altogether

Insiders moving on now