re: Ann: CNX executes Definitive Agreement wi... It is good news - to what extent seems the sticky point. I would have expected more strength behind this bounce, as this deal basically saves CNX from serious cashflow problems given the number of delays they've faced.
With the amount of delays and cashflow problems over the last 2 years, the SP has declined steadily and depressingly for some of us longer term shareholders who obviously believe in this company and their technology.
With this extra security to cashflow, I would have guessed support around 10 cents in the short term.
Obviously there are still headwinds in the economic environment, and still the Qld decisions are HUGE for CNX, but I'm now holding with much more confidence than before.
Any thoughts of what a true representation of SP should be in this current environment?
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