Dart's SP is just above the level it was before New Hope came in demanding that they get control of the board and the company. This is despite deals with Total and GDF Suez to fund shale gas development, negotiated before by the old board and being debt free. Before New Hope we had a board with knowledge of the company, financial interest in the company and a plan to develop the company. As Igas continues its slide there is nothing to hold up Dart's SP.
In the eight months since they have had control, our new board have announced:
Nothing related to company development
A listing on the AIM
A sellout to Igas and cancellation of the AIM listing
They have also muzzled John McGoldrick when they made him the managing director. He was actively working to develop the company and communicating with shareholders. Nothing has been heard from him since.
New Hope's takeover has done nothing for the majority of shareholders. They act with complete contempt for us. They have failed to do anything positive and the ruse they pushed, claiming they had to act because of poor share price performance has been exposed.
It's time they were tossed out and we get a board that wants to develop the company for the majority of shareholders.
Dart's SP is just above the level it was before New Hope came in...
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