IMO the current price range of between 1.4c & 1.7c the market is valueing the stock based on CXY not winning the court appeal, Kingaroy being closed for good and China/Mongolia/Indo and Thar never getting up and running. None of the above may happen, however if all three anouncements come through in the next 6-9 months the upside is definently there. The LNP support for UCG in their policy statements, suggests that Kingaroy may have a fighting chance. Court proceedings are still happening (not sure how the directions hearing went last Friday, and the Thar thing seems to have support from the current government. The downside is that a CR may be sooner rather than latter. Still at last count we have about 43% left of the market cap in cash. Good luck to everyone still holding the stock and IMO beleive a positive ann may see the tide turn again.
CXY Price at posting:
1.4¢ Sentiment: LT Buy Disclosure: Held
