carbon energy ucg trial update ..., page-21

The point that seems to being missed in this Countdown of the Trial is that the "unique"/secret ingredient of CNX's method ie the Use of Steam,has not yet been trialled.

So all these overseas visitors are just rubber necking.They are not being "Sold" some wonderful process because simply this method has had No Testing so far.
Company says "Things are proceeding according to Expectations".Obviously Company Expectations are below some of the Keen,Bushy Tailed Posters here.

I reckon the worse feeling is to have one's expectations overblown by the Cup half Full Crowd.Really half the 100 days have gone and the steam hasn't even kicked in yet,let alone ANY info on Commercial Viability.

If this is such a good,sweet thing?It's gestating and not going anywhere on a rocket anytime in probably the next Qtr.

All we can look for is a widening of it's Range,perhaps into high 30s/40's touches in Short Term even IntraDay Runs.A lot of stale,want to get out close to Break Even Holders have to be accomodated.This is the Resistance needed to be hit.Theory is Three Times Hit to Break.CNX has a band of resistance from 26 to bleeding 40cents+.Nearly every tick there will bring out Sellers who could/will swamp Buyers in the abscence of the most incredible news.

What we have to watch out for is a further shelving down to sub 20 due to a lack of interest and further 'Sector' loss of new money inflow.

See ya all in the New Year.