It's getting harder to see how their independent expert can make his report show how the Scheme is in the best interests of Dart’s shareholders. Now that Dart shareholders have had a chance to see how Igas trades. It's no better than Dart was back in the bad old days, it only goes in one direction - down. It's in a steady downtrend that just goes on and no matter how low it gets, buyers just don't come in.
Dart has been there and done that - for 2011-12 and gone past into the rebuilding phase that saw the share price growing again. Dart should be soaring on the strength of development of its high class assets, funded by energy giants GDF Suez and Total. New Hope's deal is taking us back down and the outlook for Dart shackled to a sinking Igas is gloomy.
The New Hope experiment has been a disaster. They have no vision for the company and no concern for the 69.5% of shareholders that own the majority of the company.
DTE Price at posting:
16.0¢ Sentiment: None Disclosure: Held
