re: Ann: CNX executes Definitive Agreement wi... A couple of things I don't understand. AD must have known this was going to be signed, why did he announce his resignation? and does anyone know if the 2 companies have actually identified a site suitable for UCG
Regrdless of these, this is the best news CNX has announced in a very long time. I particularly like the following from the ann:
"the parties will work together exclusively in Shanxi Province to identify further project opportunities for the
production of syngas through UCG,"
This indicates if all goes well we can expect increasing revenues from this deal in the future.
I think it's time to flick Queensland the bird and fully develop opportunities overseas.
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