They were to install a carwash unit by the end of March to see how it went, with Petrochina I believe.
They've had two units in the oilfields of Sinopec for nearly 12 months now with no furthur sales or progress reports.
Realistically if they had anything positive to tell the market they would have. So I guess we have to make our own deductions.
743 cash. About 2 quarters left.
No news just makes speculation rife.
Maybe a case of OK Chinee if you get my drift.
No trades in the last 9 out of 10 days and maybe only a couple of shareholders the couple of weeks before that.
If a big ann does come look for it early in the day between 10 & 11, going on previous movers and shakers.
I personally doubt we will get the grandeur ann everyone is hoping for. Maybe a smaller one. I think they would have a fair bit of territory to cover before the big one. Its not a corner service station they are dealing with..
What really has peeved me is not to have heard whether a chinese rep. visited Aust as part of the DD process to evaluate CNN's operations. So does one presume they never come or they come and didn't like what they saw.
One can understand investors selling I suppose even though I've hung on myself and have been accumulating.
I'm like everyone else now, just sitting, waiting and praying!
Cheers
Slew
CNN Price at posting:
0.0¢ Sentiment: None Disclosure: Held
