indo , page-4

Suggest this is a very broad view of Indonesian business knowing that CXY is aligned to the resouces sector - needing coal for UCG. Many of the largest coal resource companies are publicly listed - with exceptional coporate goverance in place. I would suggest that one researches their announced partner prior to broad brushing the Indonesian way of doing business - alluding that it must spill over into listed companies as well. Indoensia is energy hungry - there is massive coal resources - and there is certainly stranded coal assets available for UCG. In places like Sumatra which hold large energy infrastrucutre it makes sense to explore for UCG coal and then tack on power generation to feed the enegy hunger. Add in a Government that is already announcing their desire to move into coal gasification and liquification and you have policy heading in the right direction. Research makes one smarter and hopefully their Indonesian play works out. (I am a not holder of CXY)