Hi SSkimHow you going buddy?When CNX hit 70 today/yesterday I...

Hi SSkim

How you going buddy?

When CNX hit 70 today/yesterday I was wondering if you were back into CNX.


(Hope the below is of use to you. Some of my comments below re info on the technology/uses of UCG by each co, you may well chose to ignore since I know you have done a fair bit of howework yourself which may well be more accurate).


I bought back into CNX recently (much smaller holding than I held before I sold out in the 60's - I like you have been awaiting a re-entry point)


CXY, I have held for a good few months and held the CXYOptions before the collapse in price last year pre ex date.


All said and done, both are specs with unbelievable potential IMO.
Also to be add IMO, both have frustrations - CNX appears to be a leaky ship that people sell into good news after the horse had bolted days before the announcement and for CXY people appear indifferent to positive announcements until they start a commercial operation that actually generates revenue - since there are so many shares people could be seen to dump down into the news.


Strange manipulation in both (I am not paranoid BTW - just my observations and I have learned better to join them than to try beat them....)

Can't be a bad bet to hold both - if you can

Above all my opinion. Below my (incomplete) understanding which is sufficient info for me given a spec stock IMO.

I am not a geologist/scientist and my knowledge is too vague to be taken as certain, but that said in my understanding diff re tech is:

Different technology of UCG - both proven
As I understand it different intentions for use.
CXY has always been for electricity (I think) and CNX has other products such as fertilizers (hence the IPL relationship) and I think CNX have recently started looking at electricity too (which appears the way to go??).

LNC focused more on gas to liquids missing the electricity, as I understand it. Electricity appears the current hot spot.

I almost entered LNC last year at around $2.50-$3 a share and good thing the little birdie on my shoulder said no...


I have been fortunate to have made and realised money on both CNX and CXY

CXY hold a long term parcel and have fun with trading parcel.
I rate both CXY and CNX as LT Buy (whether I happen to hold a position at the time or not)


All the best mate