Posts here are can be positive and negative. It would be rather...

Posts here are can be positive and negative. It would be rather useless to discuss only good news and pat each other on the back. The fact is that CXY is going through its toughest challenge since being listed on the stock exchange, those are Len Walker's words, not mine. If people don't want to read bad news I suggest you bury your head in the sand and hand your money over to someone smarter than you.

I will restate my opinion on the matter. CXY will most likely not recover from this mess. If it does, funding and staff will be difficult to procure. Ask yourself two questions,

1) Would you continue to work for CXY or would you take a job with them now? Without the right staff, what do CXY have, technology that doesn't even belong to them. It would be a bitter pill to see everyone at LNC celebrating in their recent successes and CXY employees not knowing if they will have a job next month. Expect some people to jump ship.

2) As for funding, CXY will need hundreds of millions of capital or will have to do a joint venture to commercialise. Why would anyone give their money to CXY over another company? There are more and more companies getting into UCG in Australia and across the globe. UCG players will not compete for business, they will compete for funding.

I will not lay blame on CXY for the current mess (although I think they are not completely without fault) but what has happened has happened and reversing the affects might be too difficult.

I also pondered the idea of LNC coming in to rescue CXY but that will not happen.

Good luck holders.