Tuesday, 29 May 2012

Dart’s share drop and community consultation

On May 23, 2012 Dart Energy shares dropped to 16 cents and the ASX sent them another price query.

Dart responded with ‘The Company is not aware of any information concerning it that has not been announced which, if known, could be an explanation for recent trading in the securities of the Company. The Company is unable to offer any other explanation for the price change and increase in volume in the securities of the Company.' Shares are now back up to 21 cents.

Although Dart energy has stated that they will not drill at St Peters in Sydney they have not backed up their words with actions and pulled the approval as requested by the local community. They haven’t even bothered to send an acknowledgment of their email received.

Putty residents are also waiting for a response to a telephone call about what is going to happen in their area. It’s business as usual for Dart Energy, still failing to engage with communities despite proclamations of openness and transparency.

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