Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
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DART ENERGY MAXING now 18Cnts asx
Dart now settling at 17 cents........ on ASX BACK DOOR entry for anyone wanting IGAS Stock.
NOw theres a TICK UP 17CENTS last night ASX
Sharp Incline Will & Can stock trade above IGAS OFFER....??? I doubt it but you just never know..... Can a rival bid be made??
& holding you have a chance to buy , sell or take the share swap If I take the share swap, and Igas moves towards 2.00 theres a 2/3k profit there :-D
Aparently an annoucement was released at 10:01am with that video news clip and mention that opening would be delayed until 11am AU time. No annocement on my internet trading platform either though
MORNING PRESS MONDAY 12/05 Struggling Dart Energy agrees to merger with Britain's IGas Energy Read more: http://www.smh.com.au/business/struggling-dart-energy-agrees-to-merger-with-britains-igas-energy-20140511-383o1.html#ixzz31QWuzOlq Dart Energy has abandoned hopes of emerging as a global player in non-conventional gas, agreeing to a scrip merger from a UK operator that will see it dump all its non-UK assets. Dart has agreed to merge with IGas Energy, which is listed on London's secondary AIM market, via a scheme of arrangement. Dart shareholders will receive 0.08117 IGas shares for each Dart share held, which values Dart shares at just 18.98¢ and the entire company at $211.5 million. Dart shares last traded at 12.5¢, a far cry from their levels above $1 three and four years ago. Advertisement Agreeing to the merger will see longstanding Dart shareholders lose out following a series of changes of strategy as the group has floundered in recent years. Its most recent raising of $20.7 million at 9¢ will see shareholders who took up that offer last September come out in front, although its 2011 raising of $100 million at 75¢ a share has left shareholders with bruising losses. Soul Pattinson's New Hope Corp has a 16.3 per cent stake in Dart and has backed the merger proposal in the absence of a rival offer emerging, as have shareholders with a further 14 per cent of Dart's capital. Dart has sought to undertake a series of changes over the past few years to put its operations on a viable footing, which included listing offshore assets in Singapore and, after that failed, seeking a listing in London, which now has been abandoned. Dart was spun out from Arrow Energy in 2010, when Arrow was bought by Shell. Dart took the offshore assets of Arrow, which it bolstered by acquiring Apollo Gas, giving it a suite of domestic assets. But the company has struggled, making limited progress in developing its extensive asset portfolio despite high gas prices. It recently booked $43.5 million of impairment charges, mostly relating to the writing down of assets in NSW and the UK. It also has sold some offshore assets, such as in India. Shares in IGas have risen about 30 per cent this year. If the deal proceeds, Dart shareholders will emerge with about a third of IGas' capital. Read more: http://www.smh.com.au/business/struggling-dart-energy-agrees-to-merger-with-britains-igas-energy-20140511-383o1.html#ixzz31QWyvlJm
Courtesy of our friends down under on ASX bulletin board Hot copper ( This BB is for the UK LISTING or MERGER of DART ENERGY)
sn't it ironic that after the take over (lets call a shovel a shovel) the pommy blokes may well be back out in the colony again developing the NSW coal gas resources when the convicts have finished squabbling amongst themselves and with the natives. Totally better pommies than the French though.
we all have been sold out by these directors and where does it all end,same same as nxs so why would anybody have any trust in any of the directors of any public listed companies on the exchange and if its not the bot and the hft trading rigging the markets then its these directors selling shareholders short, what a sham the whole asx has become,no long term holds just short term or day trades,or else we risk of being sold out by the ones who are employed to run the company for their own gain,what a disgrace the for sale sign must have been up for a while now thats is why they voted the old board out,scumbags or worse than that
Hi all, i have a large holding (1 mil) in dte as i see great potential in the uk and see little value in our nsw holdings (because of protestors and weak pollies)I do feel this is a low ball offer and our management have shafted us,,, that being said ,an even stronger future should occur with igas... can anyone tell me how we would sell our igas shares when they are not listed on asx??? ab
http://hotcopper.com.au/user_profile.asp?uid=247756 IGas shares last traded around one pound thirty pence in the UK , equivalent to around $A 2.34 ... ... so , 0.08 IGas shares gives you nearly 19 cents Oz of " value " for each Dart energy share you own ... That's a big improvement on where DTE has been trading on the ASX ... but a long way short of stockholders' estimates of the true underlying value of Dart's assets ...
MORE HOT COPPER** DART ENERGY BB HERE**
Shout out to LEGO HI!!
Beggar Pesky Times. always want subscribers!! Yeah, the IGAS forum has a few regular posters, I've kept a bit quiet after rolling the snowball about 12-18 months ago. Until we know if Dart has officially been done and dusted, don't want to pollute the IGAS forum too much. as it interupts genuine chat as you know. Ha I Got banned from HOT COPPER for no reason JUNCTION TWO posts on there on DTE on my recommendation ( I think so anyways) So I'm posting today a little sentiment from DTE BLOG on HOT COPPER. Hope you like :-D
is it possible to cut & paste the article???
If Igas is going to be the biggest shale gas producer in UK then X 3 the current SP isn't that unbelievable. I should be happy with that. The DTE's sp has been pushed down and kept low by manipulators so much and I am not surprised at all that IGas and DTE's management have their hands deep into it. The question that I have is this... Do I want these people to run my company though? No Thanks but I hope that I am wrong about it.
"This is the low ball. Don't accept - they will offer again! They have to get 90+ % to forcefully take the last few sharesholders out. There is always a series of offers if they want the entire registry!" I don't think so. According to the announcement ... (e) (Shareholder approval) the Scheme is approved by Target Shareholders at the Scheme Meeting by the majorities required under section 411(4)(a)(ii) of the Corporations Act (or, where clause 4.6 applies, the majority required under section 411(4)(a)(ii)(B) of the Corporations Act); Section 411(4)(a)(ii) of the Corporations Act states ..... a resolution in favour of the compromise or arrangement is: (A) unless the Court orders otherwise--passed by a majority in number of the members, or members in that class, present and voting (either in person or by proxy); and (B) if the body has a share capital--passed by 75% of the votes cast on the resolution Meta5 Here's what will constitute a majority ... a majority in number of the members, or members in that class, present and voting (either in person or by proxy). I take that to mean that NH and GPE can probably steamroll whatever other votes there are with their 30.5% because there will not be anything like 100% voting - (see my previous post for the voting at the AGM).
all posts thanks to BB members on Hot copper down under
all the shares will be opening tradable until they have been registered as accepted OR iGas gets over the required threshold to compulsory acquire the remaining shares.... Saying that the shares in DTE should rise to ~18 to 18.5 on Monday is my understanding at least.
Pent up demand on london gives modest boost to dart aussie watchers i think
SP goosed up another 4% overnight... look at the chart (DTE.AX in Yahoo)... why no SP movement in April but a sudden rise this week?? Caveat emptor on Monday!
LONDON DUAL LISTING New High..... Climbed to 13.5 cents last night on ASX Ahead of next weeks LONDON DUAL LISTING
Hi taut Have you bought in yet?? Could we see 15 p by london debut??
The sp was flat as a pancake at 11 throughout April... this week lo and behold, three trading days ahead of the AIM intro, we are up to 13... and there hasn't been any news... probably entirely coincidental.... but ....caveat emptor next week....