As you can see in the latest announcement there many projects on the go, which comes back to my previous thoughts and that was a further capital raising was going to happen and even more importantly, it couldn't be delayed until the DERM and other factors in getting the 5MW plant was commercially operational. In theory it sounded like a good idea but in reality this would have been foolish for Carbon Energy to attempt to do so at the expense of all the other important projects also listed in the the latest announcements, it's just the way the cookie crumbles unfortunately.
Hopefully not too long a wait for the 5MW project.
Cheers
CNX Price at posting:
16.6¢ Sentiment: LT Buy Disclosure: Held
