cash burn problem / oil price, page-6

Lol Ousia (Newmans picture)

As you said, CNX have cash at the moment to see to their immediate needs. It would IMO be madness to try for a raising until good news is presented. Especially given the last CR. Ideally if the Approval to proceed comes through, I hope they can hold off until they can announce Finance in Place, which I expect work already in place regarding that. Probably depends how much cash they need for the Application and whether it can be covered.

For me to give any more monies I would need either Approval to proceed with Application (which for myself I expect), Finance in Place or the resumption of Zhengzhou Project.

Finance in Place or China resumption would mean a personal re-rating of CNX's future in my book.