I don't mind if their pay goes up that much as long as it motivates them more to perform well, particularly in China. Expecting to see some very interesting announcements in the near future concerning the new opportunities that have opened up now that they have engaged with Shanghai Limitedless Group (?).
One thing that did catch my eye from Annual General Meeting announcement was the section relating to cxy remaining a 'going concern' on the basis that Kingaroy pilot is given permission to proceed and continued capital raising. The former is what concerns me. Is CXY's future really that tied up with Kingaroy plant proceeding? My guess is Len Walker and co are making every effort to get some serious action happening in China and fast. He's supposed to have gone over there now or soon (?). Maybe progress report will be out in next few weeks.
On the matter concerning csg and usg and Qld gov. Qld government obviously are not stringent on their environmental concerns, which is obvious from the recent news regarding csg, therefore, it seems to be clear that cxy's situation has absolutely nothing to do with any high levels, low levels or transitory levels of whatever. What is evident is that csg companies are powerful enough to drive through the strong headwind of environmental groups and the politcal sway that they may hold.
If ucg is brought to a close in Qld then its hard to see how Qld gov will handle that, for they will just look blantantly corrupt and controlled by the big csg business groups. Maybe this means Qld gov has put itself in the position that requires ucg to also proceed.
Add to My Watchlist
What is My Watchlist?