What is uncertain? The company has approval to complete the trial, which could involve up to 30MW. While savvy investors will have factored the Qld Government's post-trial prioritization of CSG, Qld accounts for a minor percentage of CNX's total global coal interests. Following successful completion of the Bloodwood Ck trial, CNX will be progressing development of resources in Chile, US and Europe - no CSG conflict, regulatory support, and higher energy prices.The Qld election result is not material to the company's long term growth prospects.
CNX Price at posting:
34.0¢ Sentiment: Buy Disclosure: Held