So I went to the Proactive Investors Forum last night in Sydney...

So I went to the Proactive Investors Forum last night in Sydney to see Rob speak. It was a well-attended event and Rob did a great presentation (the slides which were posted to the market). There was a Q&A at the end and I also caught up with him for some time outside the event at the end (met 'edd' from hotcopper also as an aside).

Some key learnings/impressions from my side:
* Rob got a question on the potential value of the Mackenzie and Wandoan tenements. He quoted comparables of tenements that trade in the 5c - 20c /ton for the Thermal Resource, and 60c - $1 /ton for the better quality PCI coal. He indicated his belief that these assets based on their location should trade somewhere in the middle of the range [even if we use the bottom of the range Wandoan would be worth $18m and Mackenzie $100m] - they believe that having this Kandoman structure (which means they can raise money at that level also) will allow the listed CXY to retain exposure to these assets and unlock value a lot closer to these levels over the medium term. They plan on building out other non-UCG exposures with coal leases in Inner Mongolia in the shorter term.
* Len was not at the conference as he is in Indonesia right now (presumably working on securing our first project).
* The Kingaroy-case is now finalizing the discovery phase and trial date is scheduled for January.
* New website is under-development right now and the company in general is going to focus more on improving its image and the its investor relations/communications going forward.
* Next near-term milestone for Indonesia is identifying the right tenement which as indicated in announcements is very advanced and then formalizing the JV with Medco. A 30MW plant only takes circa 12 months to develop once it is kicked off.

Overall i came away a lot more confident in the future of this company. I have been a long-term (and very much burnt) shareholder so am used to the unfulfilled promises of the past two years and are particularly wary. But I genuinely believe that Rob is the right guy to perform this turnaround. He is a real entrepreneur, he is thinking about things in the right way, and the company is pursuing a multi-pronged strategy that makes a lot more sense than putting everything into one project like with Kingaroy.

Anyway that is my two cents. Good luck holders.

bjhice