This kind of pessimism is what drives the share price down.
The fact is that the company has submitted the feasibility study to the Chinese Government and the central bureaucracy has never had to open a UCG project so the biggest issue for them is codifying practices in an ad hoc manner.
The study was submitted for approval early in November so it's been about 8 weeks since that time. This is not an unusual amount of time to wait, especially for what would be a multimillion dollar project.
There have been 3 very good spikes on the chart last year and they were all around news from Asia. In the interim investors must start thinking with their hearts instead of their heads because the company discloses information on how the overseas projects are going yet the price goes down. When there's a development based on what has been reported earlier the price goes up very aggressively.
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