CNX after market close announcement on Friday (price sensitive) – Milestone achieved and syngas production in 2018 confirmed.
“All parties are actively working towards satisfying the regulations and requirements
in order to progress site characterisation and underground gasifier design, design
and construct the Process Characterisation Panel surface facilities, and the
commencement of syngas production in 2018.”
FA: Those that followed CNX many moons ago and those, since the resurrection of the company back in late July 2017, which has seen the sp drop 90% since re-listing. Thoughts on a fair value here with latest development, surely a fair way north of current $10 million. Incitec Pivot 3rd largest shareholder with 755,000 shares I noticed.
TA: Needs to clear 30c (several attempts at it), gap at 35.5c – bit hard to chart. Analysis welcome ?
