On slide 4 of the latest presentation one of the objectives slated for the next 12 months is to 'Expand Resource holding through Joint Venture with QLD coal owners'
Perhaps I've missed any reference to this previously but I don't recall seeing this anywhere else. Have you seen this before and do you have any thoughts on who they may be thinking of? When I read it last Monday I immediately thought of Moreton Resources (Cougar Energy). They are desperate to offload coal resources and I think?? they are suitable for UCG. But considering the trouble they have had with the Qld gov would it be a good fit or a hornet's nest?
On a different note I think this trip to Hong Kong and Singapore specifically targeting investors (read Kam Lung and friends) maybe more significant than what our learned friend Lou222 would have us believe. I guess time will tell on that one.
CNX Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held