where things are heading?, page-2

Dex, your ponderings are a good start....

Some of my thoughts on your comments.....

# That kind of funding would allow three Kingaroys ... so if you were DI, might you be interested in dealing with a UCG power project play at an advanced stage of planning and a largely derisked gasification technology? Why not, timing is with them.

Especially considering that DI are already investors in an advance stage derisked technology, with the world's leading partner!! CXY and Ergo are the perfect place from DI to invest, and given the approval for the $1.5b investment we can no longer say that DI are not serious investors in this space.

# Coal reserves at Kingaroy are being expanded even though they are already sufficient to support 400MW for 30 years ... why?

My thoughts exactly, why? As a microcap, you dont waste funds on continued drilling when you already have enough to support the business case of a 400mw power station. Only reason is that your investor (read DI) has large scale ambition that needs to be demonstrated as part of their selection criteria regaring who to invest with. imo they are looking for a long term partner which shares their ambition and has the capacity to deliver. Once again, DI is no longer just kicking the tyres in Qld, they are deadly serious AND have the financial capacity to execute!!

# Wandoan is being drilled to confirm reserves indicated to be significantly bigger than Kingaroy for possible power and/or liquids and/or other UCG applications ... why, as there are no current funds even for Kingaroy?

As above. DI have showed their hand.

# Cougar have apparently reached agreement with Direct Invest on the size and staging of the Kingaroy funding package and have appointed a finance manager to work on the details.

All systems go! CXY are entering a brave new era in their development and this is just another piece of the puzzle that is falling into place.

And remember,

It was more than your average mums and dads, and mug punters that were piling into cxy this week! Large volume soaking was going on. Million share trades, and whole lines being taken out at market.

Maybe, just maybe, positions were being taken by the serious (and in the know). DI is now an official large player in this space, AND is inside the CXY tent!! With 800+ million shares on issue, the market cap of this company will start to become burdensome imo in the absence of some news and total success at kingaroy. at least last week indicates that some big big money believes in the future of cxy, partnered with Ergo and headed by Len.

Time will tell.......