no further trading?, page-2

IMO there will be a solvency question the CXY board will need to ask, and possibly get advice on.

Do they have enough funds to completely shut down and rehabilitate the site, including the ongoing monitoring program DERM and DEEDI will impose, and also be able to pay their other debts as and when they fall due whilst trying to establish another project that they could possibly sell to investors.

IMO without another solid project its unlikely the company could continue as a going concern.

My experience in China is that any project for CXY is still a long way off because doing business in China takes time and I'm not sure CXY has the time.

The report was also pretty damning on Cougar's reliance of external expertise. IMO there would also be a lot of critisim of Ergo's technical capability in the confidential reports given Ergo was the UCG technology provider.

IMO I also doubt there will be any white knight, such as Linc, come in to take over CXY.

IMO its a pretty bleak situation, hopefuly the CXY board can determine it can continue as a going concern otherwise they will have no choice but to bring in an administrator. And forget about CXY sueing the QLD Government, they don't have enough money.