UK 02:58 Friday, 9 October 2026
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Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
In my last piece on IGas HERE I described in detail how IGas (IGAS) breached the ‘Scheme Implementation Agreement’ (SIA) which governed the conduct of the all-paper deal in which IGas took over Aussie-listed Dart Energy.
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Comments
IGAS_4EVR
Wow! What a load of waffle. If you actually read the who SIA document you would see that Robert Neale was only INVITED to become a Director of Igas. He could turn down the invite. Mystery solved. Thank-you.
“If the scheme is implemented the Igas board will comprise….. along with Robert Neale who will be INVITED to join the Igas board.”
Considering his salary would have been $40,000 instead of $120,000 at Dart I can see why he might turn it down.
nigel somerville
Then igas simply needs to say so, but has not. Just like the silence over Andrew Austin’s margin call arrangements, the silence over whether his EFH deal was a sale or not until it was dragged out of them by us, the silence over the incorrect info given to Dart shareholders and so much more. IGas could have ended this long ago by coming clean but has chosen not to. The market has been told that the EFH deal is a contract which requires Mr Austin to buy his shares back, but it is non recourse, is it not?