HN, why the sudden downer on CXY? CXY is developing a solid project at Kingaroy and another at Wandoan, and future ones in Victoria. In time those projects will need capital funding either by CXY themselves or potentially by a developer to whom CXY sell the UCG output syngas.
I know there will be a few here who don't believe it when I say "MONEY IS NOT THE PROBLEM", but the truth hurts sometimes eh?
The only risks we face is un-informed State Government licencing (now well under control) and normal project risk. A market cap at todays levels compared with peers is a laugh and simply provides a very cheap way to get exposure to the new way for energy in Australia.
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