Will get canned as usual by the CNX fan club for pointing out the bleeding obvious, but the accounts are particularly silent on the subject of provisions for contingent liabilities.
When do board members put provision aside for site clean up, ongoing litigation, etc? (And who would want to buy the company when it seemingly has 3 legal actions on the books anyway?)
My guess is the site clean up alone will cost a few $m. The court cases will presumably need settlement or trial. Unless a corageous buyer can be found ASAP that doesn't mind taking on that mess we are looking at worse than a winding-up.
Anyone still want to own this stock?
Will get canned as usual by the CNX fan club for pointing out...
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