Was very impressed to see a couple of new substancial holders step up and take a position today in CNX. Something I believe CXY is currently lacking. A cornerstone investor of some type.
I'm sure all long term shareholders would agree that at the current price at 11.5 cents CXY will struggle to bring anything to commercialisation without diluting everybody to buggery.
CXY desperately nedd to market themselves much better to have a chance of suceeding in the UCG space otherwise they are going to get left behind.
Technically I think that CXY is far more superior than any other listed UCG company on the ASX however this will count for nothing if they are unable to attract some significant new shareholders to the register.
It is now time for Brad Glynne to step up and lure some bigger investors onto the share register. Preferably by way of share purchases on market first and no more cheap give aways as was done with the last placement with clients of Pattersons at 8.25 cents.
Go the CAT.
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