"Both Cuadrilla/AJ Lucas and IGAS had frac'ing banned in about 30% of their respective acreages thanks to the recent infrastructure bill. Other companies didn't get off so lightly .
It's unlikely either stock will move much until the General Election in May is out of the way .
Igas have issued bonds and are in danger of breaching bond covenants.
You may think the ASX is the Wild West but the first line of regulation in AIM is carried out by Nomad's (nominated advisors) i.e. Brokers !
Igas are on the level but AIM is a magnet for crooks who can't get listed in their own countries because nobody will touch them with a barge pole for reputational reasons .
So long as they pay listing fees nobody cares - that's London for you ; the money laundering capital of the world . "
Following DTE to IGAS and AIM, so far, has been my worst investment decision % wise in many years. At 3c equivalent, IGAS would have to rise 600% to be back at the level DTE was 19c before the IGAS takeover was finalised.
DTE Price at posting:
13.0¢ Sentiment: None Disclosure: Not Held
