I got it a bit wrong as I was just acting on memory ,just looked at the rns jan 2014 it says he was transferring up tp 7.5 million shares ,now does he get these back at the price in the future or the price he tranferd them its all a bit murky seeing the way the share has moved since ,was he really buying 300k shares or was it some form accountancy ,more knowledgeable may be able to enlighten
whats been said about dart being cheaper to buy then convert is correct ,seems to me a lot of the more astute investors are doing just that ,also i9 notice some shorts taken out recently ,a lot of messing is going on with this share ,brent che knew what they were doing ,also going back to when Andrew purchased 300,000 he put all his holding up as security bit over the top 10 mill to secure 300 k ,everything imo is not above board ,just have to hold on may not have seen the bottom but also imo not seen the top
Totally agree that positive news will move it up of course (hopefully we get some). The UK would be absolutely stupid (even more so than NSW) if it failed to exploit the greener coal gas that is sitting there waiting to be used. Macro factors have been negative. Failing massive interest (i.e. takeover by big o&g as per QLD) development may be slow - I don't expect and don't wish for US style development in UK. Finally I think Brits and Scots are not buying IGAS directly at 10-20% more than buying the equivalent in Dart and Aussies are not buying Dart because the Dart takeover is a given and most (40% plus at a guess don't want to be bothered with overseas direct investments). This must qualify as an overhang that is possibly affecting the sp and may affect the sp moving forward until it is cleared.
Shale is the answer for 10-20 years as it will be awhile before wind farms and other forms of green energy will be efficient enough. The SP will not jump till the Dart deal is done altogether and some positve news comes from the test drilling. As smart investers are buying Dart shares at a15-20% discount to IGAS, over 9 million shares were bought in the first 14 trades on Monday morning all within the first 30min then there was only 1 million more bought throughout the day?
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