oh dear, oh dear . .

This spells the end for long term holders, imo.
An ill-conceived spending spree on a grass-roots play with no relevance to GIP's main game.
Retribution on a grand scale. Eritrea, in particular, was never more than an opportunity grabbed by JT almost certainly with a view to joint venture it ASAP. Gippsland could never seriously have intended to blast a full blown exploration programme at it.
We are now faced with YEARS of exploration expenditure and, truthfully, little hope of anything coming back to shareholders.
What a disappointment, what a disaster. What can we do?

P.S. I just posted the above but it didn't show up in GIP's thread so here it is again. If it turns up twice or on some other thread - please delete.