I have already discussed the capital cost of a UCG field. How many capital raisings do you think CXY will need to do before it has the money to achieve its goals?
“They have bought a moribund foreign company after the best talent has probably already left and gone to Ergo Exergy.”
It might interest you to know that Ergo and CXY are going to visit that site next month to learn from the masters.
“The timelines on their proposed ucg rollout seem to be blowing out”
That is true, but you will see worse schedule blowouts from CXY. Try waiting around 3 years for a trial burn. CXY’s Managing Director will be dead or retired before anything is completed.
Poyndexter, I am sure that you are not part of the pump and dump crowd you seem like a fairly intelligent and decent bloke, but you must admit that it is extremely coincidental and or suspicious that there is a massive amount of ramping just as the share price surges. For your sake, I hope there is good news just ahead, but me thinks this stock is being manipulated. If news is imminent and therefore there is insider trading happening, I would suggest it is the granting of the Pakistan lease.
CXY Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
