i think i'll just wait for the EGM to see another spectrum of the story. I'm frustrated with the SP and ill informed management. Regardless, my money for CGV is with their technology on UCG as well as their prospect coal potential.
Just not quite make sense to me the RI follow by major departure of major personel, but in the business world anything is possible.
Interim Chairman Dominic Martino background as a a former head of Deloitte and Sydney Gas may plays a crucial role in CGV if he can pull off some deal asap. Not to mention tht he will be the chairman for the upcoming $12 bil listing of Resoucreshouse owned by Palmer in Hong Kong this June. One of the flagship project from it will be the coal project in Galilee Basin QLD to China.
CGV has the right technology to capture the market, India may blown off (too early to speculate atm), but i see china is very likely candidate for our UCG technology especially after the recent uranium meltdown. They need alternative and it just the matter getting the right person to promote it. lets see how it pans out.
I will lodge my form if necessary after the EGM explanation. Above are just my alternative thought .
Cheers all!
i think i'll just wait for the EGM to see another spectrum of...
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