IT GETS BETTER THAN THAT.Gippsland has had a market...

IT GETS BETTER THAN THAT.
Gippsland has had a market capitalisation of roughly $28mio in recent times.

Announcement September 2010 states - Significantly undervalued.

The value to Gippsland of the spinoff is therefore only $5.2mio or 18.5% of its av. mkt cap.. i.e. $ 4.4mio for very grass roots Adobha & $800,000 for JORC compliant Heemskirk.

How do GIP Directors come to a sale the figure consideration $800,000 based on the available (Stellar / Joint Venture Partner) in the market place to the other 60% of Heemskirk ?

There is a massive, too big to be ignored, variation of value / opinion.

Complain to the ASX ! Ask for ;

1) copy of Heemskirk valuation.
2) has Stellar been asked to bid, if not why not ?
AND what they have replied ?
- it is not confidential if GIP will not entertain prior to float to the detriment or loss of GIP shareholders.
3)where is the significant value GIP directors referred to in their Sept. 2010 announcement.... ?

AND it get more intriguing...........
Please, ask, and I may stand to be corrected.....

PLEASE MR. ASX to explain.., Please check..............

Mr John Damian Kenny, Managing Director, Chairman ... Rewards Group Limited / John Damien Kenny & The Ark Fund.
Are these companies in receivership / liquidation ?

Is this the same John Damian Kenny that sits on the GIP Board ?

Rowan St John Caren -
Appears HAD apparent position with The Ark Fund ?
Plus numerous other positions-
Is this same GIP Secretary who makes late SRZ announcements to the market ?

Still waiting on a reply from ASX.

Yours in wishing some simple H'mmmmmmmmmm
Transparency.......