CNX carbon energy limited

Going below 2c within a week, page-9

  1. 1,698 Posts.
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    Lou, below I list factors that lead me to hold my not-unsubstantial holding in CNX.
    We have an honourable and experienced Chairman.
    Our CEO is passionate and very capable.
    Our technology is well proven.
    QUeensland has an increasing need for gas supply.
    CNX has a valuable asset in their proven reserves.
    CNX has a valuable asset in their IP.
    Pacific Road have recently increased their holding by 27mil shares. THey also have representation of a member on the CNX board of Directors.
    It seems probable to me there is a clear understanding that the rehabilitation and proof of the environmental responsibility for the CNX operation would lead to a quick, big, tick from the QUeensland Govt.
    I believe our responsible board would also have plans for a JV partner that has already evaluated the and is ready to supply the capital requirements.
    THere is no need for PowerPoint edification of the further investment if that's not the part to be played by CNX.
    Yes, like all things, reality has a habit of taking longer than predictions. I understand. that but I feel the rewards will be there for us that are prepared to wait.
    GLTA
 
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