Horse, I applaud them for saving a few pennies on printing. They may be desperate, but have given it a good shot. There's a very few words about not being successful in China. As Temple says, they should have explained why, but maybe they are under the thumb of the Chinese bosses. So is this a last second bid by the Aussie managers to hold their jobs, by getting Aussies to kick in, or are our Chinese entities also eligible as Australian investors with correct Oz addresses? Anyone know? I mean, they are not raising much cash.
If I was to kick in, I'd want to know whether the Hydrogen expenditure is First priority, seeing it can start almost immediately. They have cash $0.7M, & hope to raise $1.5M CR. This will pay the current bills & get them to a complete design. Of course, they can accept more cash from the CR. They say in their blurb that some sort of deep coal trial can start at Leigh Creek immediately. Not clear if this raising covers that cost. Sorry Chairman, MD & CEO that I still have questions after all that blurb. I just want to know exactly what you are promising to show & when for this money. Will the result be bankable?
Cheers, Japes.
CNX Price at posting:
6.8¢ Sentiment: None Disclosure: Held
