re: Ann: Initial Response to NHC Proposal to ... Dart also notes...

re: Ann: Initial Response to NHC Proposal to ... Dart also notes New Hope’s reference in their letter to shareholder returns achieved and note that
for the 12 month period to yesterday’s ASX close, the Dart share price was down 3percent,against the ASX Small Resources Index being down 41percent and New Hope’s share price being down 13 percent for the corresponding period.
As noted in New Hope's ASX release, New Hope has
been a shareholder of Dart since its demerger from Arrow Energy Ltd ("Arrow") at the time of Arrow's takeover by Royal Dutch Shell and PetroChina for $3.4 billion in 2010.
New Hope was a shareholder of Arrow from 2006 until its
takeover and, as disclosed in New Hope's 2011 Annual Report,
it made a $466 million profit before tax on its
$110 million investment in Arrow. Two of the Dart Directors that New Hope is seeking to remove were the Managing Director and an Executive Director of Arrow Energy during
this period,contributing directly to New Hope's excellent
investment returns from Arrow"

Totally pathetic and insignificant excuse from Dart
- why don't they measure their SP Performance in Y/E 2012
when it dropped from 80c to 15c?...LOL
- what about the placement they made at 75c that would
lead us into production by now.... LOL
leaving many investors underwater
- AND they are still living in the past?
they need to be forgiven for returns made in Arrow..LOL