generally, I think if you can get away with a cap raising in this market environment it is good news for the company but not so much for the shareholders in the short term. NAB is another one with a cap raising at the moment. If/when CNX have a cap raising, they will probably need it next quarter, it will be worth looking into the chart to see what happens at that time. I still haven't ruled out a bounce before xmas just based on energy prices going up and the momentum of CNX good news if it is sustained. Cue Rudd as well to bloody well do something for cleaner energy! good luck out there Jaded.
CNX Price at posting:
35.0¢ Sentiment: None Disclosure: Held