Being a (heavily loss-making) disciple of Cougar I haven't spent much time looking at CNX - but from looking at their recent investor presentation:
- they are working on a 5MW pilot plant in QLD (a state which as us long-suffering CXY shareholders know is not entirely rational and is looking for a distraction to its Coal Seam Gas cover-up)
- projects under early stage development in Turkey and US
- and are bidding for a project in India
They have a market cap of AUD 175m and arent a lot ahead of where we are right now.
If CXY had a couple of projects under early stage development in China in six months time, and the Cougar Energy UK subsidiary working on some projects in other geographies like Pakistan, is it not inconceivable we could be a AUD 100m market cap by the end of 2011?
here is what happens next....., page-62
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