Amsy"They need to learn a thing or two from LNC top management...

Amsy

"They need to learn a thing or two from LNC top management in this regard."

The actions of LNC recently (purchasing of oil assets, sales of coal tenements, round Australia holiday road trip etc) are a clear vote of no confidence in the UCG technology or story. The management at LNC are not bullish on UCG. They are satisfied to get involved in any projects other than UCG that have a profit in the foreseeable future.

Whilst CNX has initiated a number of projects worldwide, they have two darwbacks:

1. They are all UCG projects.

2. Their progress hinges on success at Bloodwood. Being the "cashpoor" partner in the overseas deals will see project advancements only when success is achieved. Put simply, CNX have it all on the line whilst their wealthy partners will only invest once success has been achieved.

RC1