Ok This is what we already know:- CXY successful burn but...

Ok This is what we already know:

- CXY successful burn but require 6 months testing periods
- had a successful SPP, hence got $$ in the bank
- Got the support of YA finance for $10Million Aus in exchange of shares. Now have in mind, it difficult to get finance these days, the fact that a company is willing to give CXY $10Million aus, shows that they know they are going to make $ out of this.
- STILL Fundamentally strong company

Now the cons in the short term of this stock.
- Charts are indeed indicating a bit of downtrend, if not consolidation near the $0.10-0.125 ranges
- the Market is over reacting on cxy for not producing gas commercially straight away. To me, CXY is ticking all the boxes, Dr Len is just trying to de-risk this technology as others have mentioned.

Naturally i have sold and got my principal back, now i got a small free holding parcel there. i will wait for the market to come to its sense. So i expect the lowest and worst case scenario (meaning very very red days) to be near $0.10 which is 76% fib retrace at this level.