CNX carbon energy limited
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The cash position - 10 Mio $ of today - will be used to develop...

  1. PimpMyStock
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    12/11/10
    15:58
    Post #: 7468392
    The cash position - 10 Mio $ of today - will be used to develop BWC to 25MW and some 4,5 Mio $ are essential to go forward with Antofagasta in Chile. This means CNX has to raise capital approx in the middle of 2011 with the related dilution effects. Therefore I prefer the conservative approach in valuation based on the status quo.
    CNX Price at posting: 39.4¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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