why has cxy lagged behind the others, page-61

LM

Ahhhhhhh its clearer now ... I actually agree with you re undervaluation of the ucg sector ... firstly in comparison to csg and secondly in absolute terms because of what I believe ucg can produce in its own right ... in fact I have had that agenda pretty much soon after I first came across ucg about 3 yrs ago.

But I have come to realise my early exuberance for ucg didnt factor in enough time for technology development, technology acceptance, regulatory acceptance, business community acceptance, funding acceptance and infrastructure rollout.

If you think back to the early days in the csg sector, they did it tough and painfully in the wilderness for at least 5 to 7 yrs before csg gained reasonable traction and the rest is now history ... csg was once regarded as unconventional gas and now it is valued up there with conventional gas.

So, my current comments in relation to some ucg players being under or over valued is rooted in the here and now, not 3 to 5 yrs into the future. LNC ran hard, too hard imo and has come back to fair value, at least based on the surplus mineable coal assets.

CNX has done something likewise, for now, imo ... the only way to support a near $0.5bill capitalisation is extreme confidence in the deliverability of their technology and business models allowing for further expenditure of possibly $1.25-1.5bill to roll out say one fertiliser plant and say one reasonably sized power station ... I might be wrong, but I dont think the current sp growth can be maintained for now given the amount of development, derisking, funding and development timelines still required.

I could be wrong, but I believe there is scope and justification for the market capitalisation of CXY to play catch up.

Like I said ... its a chess game for sure.

Cheers
Dex