re: Ann: CNX delivers Australian first in com... Instead of celebrating the dead cat bounce you should be asking CNX some hard questions.
How much power was exported in the testing? (a split second ping to prove the connection?)
What precise testing was conducted?
Was the export into the live grid or was it an isolation test?
etc. etc.
The complete absence of any specificity says it all. The announcement is the same foggy positivity we have come to expect.
Anyway, this testing is all a decoy for the financial troubles. By my calculations CNX is on borrowed money from around next month. They would have to announce their departure very soon (and blame it on DERM) if they are to have sufficient funds (all borrowed) to set up the same game overseas. I expect the next quarterly announcement to announce they are jumping ship (due to DERM of course) effective end of June.
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