Earlier this week I posted the following:-""I wouldn't be at all...

Earlier this week I posted the following:-

""I wouldn't be at all surprised that if at this stage in CXY's life there were multiple reasons for financial raising.

a) Kingaroy equipment and construction is the obvious one, and I'd be looking foir a good chunk there:

b) I'd be hoping that Victoria would get a chunk for a drilling campaign;

c) Another bit for Wandoan next steps?

d) And then frankly a dollop for simple Working Capital so they can progress a few other projects etc.

If I see that on the "use of funds" description, I'll be very happy, and I think all shareholders should be happy, indeed.

FF""

Seems I was nearly totally fulfilled . . . if that's not too rude. Seriously, the funds raised, including a very welcome SPP, will allow CXY to progress with the many projects they currently have in planning, whilst putting key pieces of the Kingaroy project to bed as well.

There's not much more they can do now except await the market to wake up to their significant under-valuation. At around a quarter of LNC or CNX, CXY has to be the best buy going in the sector by far.