Recenly on a bus trip and visited LNC's Chinchilla site. Very interesting and unfortunately whilst the technology alludes me they have fired underground and running the gas through their demonstration plant. This time is invaluable for them in that they get the process right before they try for a commercial enterprise in South Australia.
Downside is if they don't sell the coal assets they have no cash and a full plant construction will cost big $.
My preference id for what CXY is doing and looking forward to positive announcements sooner than later.
LNC Price at posting:
$2.03 Sentiment: None Disclosure: Not Held