What is it really worth?, page-6

I doubt any one will take over until govt approvals.

Which is the main problem I see with this stock is the state govt reg approval.

The upcoming 2p reserves should see the price rise and everyone talking it up

That’s when the smart money sells.

I would only be buying in after state approvals.

This could very easily go the same way as Carbon Energy.
Technology developed by CSIRO , proved by scientific panel, seemed to meet all govt requirements, Glowing reports from QLD govt regulator was said.

Blue gum gas project
Had a 2p reserve of 1128pj
3p reserve of 5,300pj
With 3p +2c 13,810pj

25pj per year plant.

Were in discussions with off take partners and potential investors

Then Qld govt ban on UCG/ISG technology.

Price collapses


Not investment advice, do your own research, and consult a licensed adviser