As an ex shareholder of CNX, I am feeling faint once again. The QLD State Govt has taken a leaf out of the NSW State Govt and has pulled the pin on UCG in QLD. After more than 8 years and investing over 150 million dollars of 5000 mum and dad investors money, without consultation with the company, and had all approvals in place not long ago. It was just like reading the news about Mel all over again. And to top it off the technology, and major shareholder some time ago was the CSIRO. CNX was the last UCG company left after the demise of Cougar and Linc Energy.
Come on MEL. Waiting for some exciting news.
MEL Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
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