ICXP cnx have a cash burn rate of 1 -1.5m p/m. They are not closing down BC they are closing the 1.5mw as to reduce cost - followed by a large scale plant if the required approvals come through from DERM, which are known for there lengthy approval times - DERM will be under pressure to approve these trials. they are proven technology with reduced environmental impact. DR Garret is the expert who will consult with the LNP for scientific information - DR Garrett was head of the CSIRO from 2001 - 2008. You have only ever post on this stock- TEMP you hit the nail on the head, a disgruntled contractor.
I still stand by this stock alone with LNC with i have just taken on.
Cheers
DASH
CNX Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held