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Chill people. I think a few of you might have your wires...

  1. mmmmgus
    1,312 Posts.
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    03/08/16
    20:10
    Post #: 18438519
    Chill people. I think a few of you might have your wires crossed.

    The US$10m wasn't coming to CNX directly, it is going to the JV in China. The JV is a separate vehicle. Which will then pay CNX for professional services at cost + 15% (That's what I remember from previous announcements).

    It was also stated that the JV could be sold or floated in an IPO down the track (some time away I would expect).
    CNX Price at posting: 1.4¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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