annoucements pending, page-4

Reddevil,

The company has advised the equipment itself can be transferred to other sites, however the asset base of $20-30 million would include site preparations and labour so a significant write-off would occur regardless.

This is actually the least of CXY's problems if they are unable to reopen. Their operations, together with other UCG initiatives in Australia, would be put in question with other states having to look closely before giving the go ahead.