Yes, kenstaff. You're not the only one to have suspicions about bunnyboiler who becomes active just as SpreadTrader goes quiet! Hmm... Like you say, it's only an issue if you want to sell. I'm holding out for 250p+ when the wells are finally active. By then anyone trying to buy in will have missed the boat by a country mile! (Did I mix my metaphors?!)
Huh? What are you smoking adouble? Can I have some?! How am I, of all people a deramper? How are my posts made up? Of everyone on here who was the only one to do some real research into the Brent Cheshire sale? Yes, me. So don't go all conspiracy theory on my @$$. I'm the last person who posts fake stuff on here.
Read the ASX scheme booklet for Dart:............ "Scheme conditions: No material adverse change: no material adverse change occurs in relation to Dart or IGas before 8.00am on the Second Court Date. In particular, the current planning appeal in relation to Dart’s Airth CSG Project (PEDL 133) in Scotland is not decided in a manner that renders that project impracticable or impossible;"...... How is it that no one else here knows how to use Google? So basically even though Scotland have said they are tightening up the regulations for planning permission regarding fracking it's not a problem for IGAS because if it becomes a prob for Dart then the sale falls through and IGAS aren't lumbered with a big, white Elephant. How adoubleuk sees that as anything other than good news I don't know. Too much sunshine, maybe?!
Please tell us where that first phrase (within the quote marks) originates from. Quoting sources, which we can investigate ourselves. Sounds like a bunch of made-up rubbish from either a de-ramper or a misguided tree-hugger to me.
Don't forget the fundamentals, the British Geological Society's surveys suggest there are massive amounts of gas in the Igas PEDL areas, and probably there are decent amounts of oil as well. Igas is a well run company, with medals for it's safety, and an apparently very competent set of managers. All things are possible, SP could drop to 100ish or maybe one morning you could wake up to find a big oily has swallowed up Igas and you are 50% richer. But for certain, you've got to be in it.......
"the acquisition will not go through if the current planning appeal in relation to Dart’s Airth CSG Project is refuse" - so that tells you that IGAS put the whole value of Dart on the Airth well and don't want a worthless acquisition. Seems like a smart contract clause to me. Win-win for IGAS. On the one hand they buy Dart at a steal and if Dart goes belly-up then they wash their hands. A no-risk proposition.
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