LNC: MC $1.35b
CNX: MC $231m
CXY: MC $43m
LBY: MC $21m
CGV: MC $7m
While Linc has other assets and is off chasing other ventures, the other three stocks primary business is UCG they claim anyway.
All have there main projects in Qld where UCG is still in limbo.
None have commercialised the technology in this country yet.
UCG is growing worldwide as the best solution to the pollution caused from burning coal. Just have a look at the focus on clean coal in the US and China.
In comparrison to the other 4 'UCG' companies CGV's MC is considerably lower. You have to ask why?
It has the technology in-house from the director of the world wide UCG Association Dr Michael Green. Management team include John Harkins and Wayne O'brien who are both ex-linc and look at its MC now.
CGV has projects in China, USA, India and its Australian projects if it chooses to progress these in the current climate.
While its share register has caused most of the problems with individuals selling and buying, trading etc and some selling indescriminantly ignoring clear fundamentals it looks to have cleaned up a lot. This usually happens with new listings, it takes a little while for share registers to settle.
With other UCG stocks running CGV has remained under the radar despite having very strong fundamentals.
Some have suggested waiting to buy until there is a placement but I wouldn't be too sure about that as you might be paying a lot higher price imo.
This management is too good and have vast experience in raising money. So imho watch out for this stock to run hard in the next few weeks. A multi bagger from these levels for sure.
Cheers
Chris
LNC: MC $1.35bCNX: MC $231mCXY: MC $43mLBY: MC $21mCGV: MC...
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