A day early.., page-25

Guys - I left the building in 2014 when STO was on a high as I've posted before even after holding for some years I felt things were turning - I never pictured what would happen on both the POO front & what management failed to do about it - I'm sure there are many who post on here who unlike me rode the dip right down - I only came back on board middle last year - I think Aug and went through the CR etc. My intention was always the same - I wanted to see STO stay together & Australian and still able to look after SA with the events it sponsors etc. As many know I changed my sentiment this year especially when I thought the management was just staying the same that got us in the trouble in the first place - my chief issue was always not protecting the downside ie hedging even though I could not see the sense at hedging near the bottom like ORG did..

LT holders - SA & Australia deserve better from its top 50's... lets hope they eventually get themselves properly organised in their mitigation area - the whole world oil scene has changed so we're all learning and keep getting surprised both on the up & downside and in that environment you must be very conservative - living on hope led STO to the depths it did IMHO and it could have been a lot worse if not for anything but luck and who would have invested in STO if they knew the extent of what management were willing to gamble or held LT..