In answer to your pleading - The announcements have been the...

In answer to your pleading - The announcements have been the same "better tomorrow" announcements forever and are the type of announcements that every start-up hi-tech company makes. Refer to their share price chart over 12 months - steady decline, head and shoulders, breakthrough final technical support, dead cat bounce. At any time on the ASX you can find 8 or 10 of these companies.

Even if they became operational their annual potential earnings would represent only 1 to 2 months operating costs. These companies' IP is normally in hock to the major investor. Their assets (coal, technology, etc.) can only be realised by some large overseas takeover. CNX are following the well trodden path of wannabes.

Hope this helps.